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closed Positions

eem: 02.27.20 – 03.30.20

ETF | Emerging Markets | Status: Closed

Adjustment #4

View original trade
03.19.20
My EEM
were flirting with 50 this morning which is my threshold to take action. I noticed the May options were available, so I decided to
and
my
down for a small net debit. May did not have a 38.5
so I had to move my put whether I wanted to or not. By rolling it down to the 37 strike along with rolling both strikes to May, I was able to collect quite a bit of extrinsic value allowing me to reduce my
for a $1.11 discount. I still have a little of upside room to make back some
in case of a rally, and I was able to trim my directional risk as intended. I also improved my best case scenario from a $1.73 loss down to a $0.62 loss.

Risk Profile:

Figure 5

Strategy: Roll Out and Down

btc 1 apr 17 32 call
btc 1 apr 17 38.5 put
sto 1 may 15 32 call
sto 1 may 15 37 put
Fill Price: $0.39 debit

Position Analysis

U/L Price: $30.86
IV: 73.8%
IVR: 90.5
Liquidity: 4/4
Position: Short MAY 15 32/37 Inverted Strangle
POP: 0%
Cost Basis: $4.38
Risk: Undefined
BPR: $620
Max Profit: -$0.62
Max Loss: Unlimited
Extrinsic Value: $349.00
Net Delta: 27.69
Net Theta: 4.480

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