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closed Positions

INTC: 01.23.20 – 03.27.20

Equity | Intel Corp | Status: Closed

Adjustment #4

View original trade
02.27.20
I thought I was going to be able to get away with leaving this position alone for the day but another massive selloff right in the final hour crushed those dreams. INTC is proving to be quite the little problem child. It's sold off almost 20% from its highs just after earnings, and has been a horrible
scenario. Even with such a huge decline, I somehow still have a sliver of profit potential in my increasingly
The most I can possibly make on this trade after this move is $0.45. With that in mind, if I can eventually work this trade back to a smaller loss or a
I will be a happy camper.
So far, aggressive management has contained this position to a manageable loser. My goal in this trade, and my portfolio in general, is to keep
at a high, and
at a minimum. When overblown fears finally dissipate and the chaos quiets down, all of that extrinsic value is going to pay off nicely through
contraction and
As long as things don't get too out of hand, I expect it to help me recover and profit nicely when all is said and done.

Risk Profile:

Figure 5

Strategy: Roll Down Call

btc 1 apr 17 60 call
sto 1 apr 17 57.5 call
Fill Price: $1.07 credit

Position Analysis

U/L Price: $56.82
IV: 39.7%
IVR: 126.4
Liquidity: 4/4
Position: Short APR 17 57.5/65 Inverted Strangle
POP: 31%
Cost Basis: $7.95
Risk: Undefined
BPR: $1470
Max Profit: $0.45
Max Loss: Unlimited
Target P/L: Scratch
Break Even(s): $57.05, $65.45
Extrinsic Value: $309.00
Net Delta: 38.40
Net Theta: 4.233

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