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closed Positions

xli: 02.25.20 – 05.15.20

ETF | Industrial Fund | Status: Closed

Adjustment #2

View original trade
03.09.20
Today is a day of damage control. The whole market is down so much that they shut it down all night and only minutes after it first opened in the morning. My XLI
were pretty high as a result so I
my
to reduce my risk a bit. This left me with an
much like the rest of my portfolio. Thankfully, there is still room for profitability on this trade. Until this meltdown cools off, my mission is simple: stay mechanical and be aggressive when it comes to containing directional risk. It's the only way to keep size in check and not feel overwhelmed by these extraordinary moves.

Risk Profile:

Figure 3

Strategy: Roll Down Call

btc 1 apr 17 78 call
sto 1 apr 17 70 call
Fill Price: $2.71 credit

Position Analysis

U/L Price: $67.98
IV: 59.3%
IVR: 122.3
Liquidity: 4/4
Position: Short APR 17 70/74 Inverted Strangle
POP: 22%
Cost Basis: $6.10
Risk: Undefined
BPR: $1870
Max Profit: $2.10
Max Loss: unlimited
Target P/L: $1.28
Break Even(s): $67.90, $76.10
Extrinsic Value: $496.00
Net Delta: 24.34
Net Theta: 9.461

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