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closed Positions

fxi: 01.24.20 – 04.16.20

ETF | Chinese Equities | Status: Closed

Adjustment #5

View original trade
03.24.20
FXI has had a nice little rally back to the center of my
I've decided to
to May
to boost my
levels as well as
my position. Slowly, but surely, I'm whittling away losses on these ugly positions. I'm left with a normal 34/39 May strangle and have reclaimed a sliver of profit potential. If FXI hovers between these strikes, I should hopefully make back a nice chunk of change through further volatility contraction and the passage of time.

Risk Profile:

Figure 6

Strategy: Roll Out and Uninvert

btc 1 apr 17 34 call
btc 1 apr 17 40 put
sto 1 may 15 34 put
sto 1 may 15 39 call
Fill Price: $5.00 debit

Position Analysis

U/L Price: $36.77
IV: 43.8%
IVR: 43.0
Liquidity: 4/4
Position: Short May 15 34/39 Strangle
POP: 34%
Cost Basis: $0.26
Risk: Undefined
BPR: $515
Max Profit: $0.26
Max Loss: Unlimited
Extrinsic Value: $221.00
Net Delta: -5.13
Net Theta: 3.675

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