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closed Positions

eem: 02.27.20 – 03.30.20

ETF | Emerging Markets | Status: Closed

Adjustment #3

View original trade
03.16.20
As businesses across the US and the rest of the world shut down in response to the corona virus, the market continues to melt down. The best I can do with these positions I have is to reduce my directional risk by
my
Doing so cuts my
but also further
my
locking in more loss. As it stands, my best case scenario in EEM is that I lose $1.73 if the share price
between $32 and $38.50. There are still opportunities to improve the situation down the road, but for now, I slow the bleeding until the market stabilizes a bit.

Risk Profile:

Figure 4

Strategy: Roll Down Call

btc 1 apr 17 35 call
sto 1 apr 17 32 call
Fill Price: $1.48 credit

Position Analysis

U/L Price: $32.30
IV: 82.5%
IVR: 107.9
Liquidity: 4/4
Position: Short APR 17 32/38.5 Inverted Strangle
POP: 0%
Cost Basis: $4.77
Risk: Undefined
BPR: $1140
Max Profit: -$1.73
Max Loss: Unlimited
Extrinsic Value: $320.00
Net Delta: 26.02
Net Theta: 6.433

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