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closed Positions

KRE: 02.24.20 – 03.23.20

ETF | Banking Fund | Status: Closed

Adjustment #4

View original trade
03.09.20
Had to do some major damage control in KRE today. It is one of my worst performers in my portfolio, and one of the hardest hit on my
my
to reduce my
risk. Not a pretty sight but considering the move this and some of my other positions have had, I feel good about my ability to play defense. I've obviously taken quite a bit of damage, but it's nothing compared to what I could be feeling had I simply owned outright shares.
is also super high in this position which will be helpful for making my money back. In a market like this, the best you can really do is hold down the fort until the storm subsides. Once
hits its peek, there will be even more opportunity to chip away at the cost basis.

Risk Profile:

Figure 5

Strategy: Roll Down Call

btc 1 apr 17 44 call
sto 1 apr 17 39 call
Fill Price: $2.40 credit

Position Analysis

U/L Price: $39.55
IV: 78.6%
IVR: 127.1
Liquidity: 4/4
Position: Short APR 17 39/51 Inverted Strangle
POP: 0%
Cost Basis: $8.42
Risk: Undefined
BPR: $1640
Max Profit: -$3.58
Max Loss: Unlimited
Extrinsic Value: $495.00
Net Delta: 25.33
Net Theta: 7.734

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