back

closed Positions

fxi: 01.24.20 – 04.16.20

ETF | Chinese Equities | Status: Closed

Adjustment #2

View original trade
02.28.20
For as much as the media blames the corona virus (which seems to have originated in China) for this selloff, this Chinese
sure has not participated much in the chaos... How curious. The price has remained surprisingly stable through this entire fiasco, however
has increased dramatically. Because of this increase, the option prices have held on to their value with a vice grip. I've been in this position for over a month and have yet to reach my target, even when the share price was centered perfectly between my
It's a little frustrating, but since we have reached 21 days until
I've decided to
to the April
By rolling out I can lower my risk of extreme loss should this
finally decide to follow suit with the rest of the market. It also lowers my
exposure, which helps reduce risk in my overall portfolio, and widens my
by $0.68 on either side. I'm still after my original profit target, and hope to reach it quickly once fear begins to dissipate in the general market.

Risk Profile:

Figure 3

Strategy: Roll Out

btc 1 mar 20 40 put
btc 1 mar 20 42 call
sto 1 apr 17 40 put
sto 1 apr 17 42 call
Fill Price: $0.68 credit

Position Analysis

U/L Price: $39.70
IV: 30.2%
IVR: 128.4
Liquidity: 4/4
Position: Short APR 17 40/42 Strangle
POP: 52%
Cost Basis: $2.37
Risk: Undefined
BPR: $830
Max Profit: $2.37
Max Loss: Unlimited
Target P/L: $0.63
Break Even(s): $37.63, $44.37
Extrinsic Value: $239.00
Net Delta: 20.06
Net Theta: 3.147

back

closed Positions
Open a Tastyworks Brokerage Account