back

closed Positions

ewz: 02.24.20 – 05.12.20

ETF | Brazilian Equities | Status: Closed

Adjustment #3

View original trade
03.09.20
We've got a major market meltdown today and EWZ is one of the worst hit in my portfolio. The market has been so bad, they had to shut it down overnight, and then again in the morning just minutes after the open. In order to slow the bleeding, I decided to
my
down to collect more credit. This helps reduce the rate of loss if the market continues to fall. Unfortunately, this position is now so
that I no longer have the opportunity to turn a profit. Today is mostly about damage control. I may not be able to turn a profit on this, but I can still make quite a bit of money back through the decay of
This can happen if and when
begins to contract, as well as the

Risk Profile:

Figure 4

Strategy: Roll Down Call

btc 1 apr 17 36 call
sto 1 apr 17 31 call
Fill Price: $1.91 credit

Position Analysis

U/L Price: $31.02
IV: 42.3%
IVR: 99.4
Liquidity: 4/4
Position: Short APR 17 36/38 Inverted Strangle
POP: 0%
Cost Basis: $5.48
Risk: Undefined
BPR: $620
Max Profit: -$1.52
Max Loss: Unlimited
Extrinsic Value: $273.00
Net Delta: 25.99
Net Theta: 5.251

back

closed Positions
Open a Tastyworks Brokerage Account