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closed Positions

ewz: 02.24.20 – 05.12.20

ETF | Brazilian Equities | Status: Closed

Adjustment #7

View original trade
03.24.20
Today's massive rally put EWZ's share price right at my lower
Since
is highest in
strikes, I decided to take advantage of the circumstances and
to May to boost my
levels. I also decided that nows as good of a time as any to
my strikes. The entire transaction cost me a $5.00 debit, but I improved my best case scenario by $1, and now have a cleaner strangle to deal with. It also cuts the
in half.

Risk Profile:

Figure 8

Strategy: Roll Out and Uninvert

btc 1 apr 17 23 call
btc 1 apr 17 29 put
sto 1 may 15 23 put
sto 1 may 15 29 call
Fill Price: $5.00 debit

Position Analysis

U/L Price: $23.14
IV: 101.9%
IVR: 74.0
Liquidity: 4/4
Position: Short MAY 15 23/29 Strangle
POP: 0%
Cost Basis: -$4.52
Risk: Undefined
BPR: $450
Max Profit: -$4.52
Max Loss: Unlimited
Extrinsic Value: $424.00
Net Delta: 15.14
Net Theta: 5.192

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