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closed Positions

KRE: 02.24.20 – 03.23.20

ETF | Banking Fund | Status: Closed

Adjustment #6

View original trade
03.18.20
This product is down over 38% since I first established it – a tough move to defend against to say the least! The general market hit another downside limit from today's selloff, causing a 15-minute trading halt. I've lost track of how many times this has happened at this point... We certainly live in extraordinary times. My KRE
was getting a little too large so I decided to
my
down to reduce directional risk. I now have an
34/39

Risk Profile:

Figure 7

Strategy: Roll Down Call

btc 1 apr 17 39 call
sto 1 apr 17 34 call
Fill Price: $1.75 credit

Position Analysis

U/L Price: $33.22
IV: 130.9%
IVR: 85.6
Liquidity: 4/4
Position: Short APR 17 34/39 Inverted Strangle
POP: 0%
Cost Basis: -$0.48
Risk: Undefined
BPR: $1910
Max Profit: -$5.48
Max Loss: Unlimited
Extrinsic Value: $473.00
Net Delta: 24.16
Net Theta: 11.978

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