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closed Positions

INTC: 01.23.20 – 03.27.20

Equity | Intel Corp | Status: Closed

Adjustment #3

View original trade
02.25.20
We've got another really nasty sell off today. Unfortunately, this is not good news for this INTC position. In order to keep my
risk in check, I've decided to
my
down to the
Doing so cuts my delta in half and moves my
down to nearly $58, but it also
my strikes by $5.00. This means that the cheapest I can ever hope to
for is $5.00. Luckily, I've sold $6.88 in credit which leaves me with $1.88 of profit potential. This trade has gotten so ugly, however, that I'd be perfectly happy taking a scratch. From a bigger picture perspective, I have plenty of other positions in good standing to make money that I only need to keep my losses at bay on this particular position to walk away successful.

Risk Profile:

Figure 4

Strategy: Roll Down Call

btc 1 apr 17 65 call
sto 1 apr 17 60 call
Fill Price: $1.95 credit

Position Analysis

U/L Price: $59.92
IV: 34.9%
IVR: 100.0
Liquidity: 4/4
Position: Short APR 17 60/65 Inverted Strangle
POP: 38%
Cost Basis: $6.88
Risk: Undefined
BPR: $1380
Max Profit: $1.88
Max Loss: Unlimited
Target P/L: Scratch
Break Even(s): $58.12, $66.88
Extrinsic Value: $369.00
Net Delta: 25.13
Net Theta: 4.444

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