Copyright © 2016 – 2024 Food for Theta, LLC. All rights reserved.
The Food for Theta brand and all content on the Food for Theta website are copyrighted materials and may not be reproduced or redistributed for profit without written consent from the owner.
back
closed Positions
xli: 02.25.20 – 05.15.20
ETF | Industrial Fund | Status: Closed
Adjustment #7
View original trade
03.20.20
This morning we finally had a significant decline in I made some good money back on this position as a result but my risk also increased beyond my threshold of 50. In order to keep my directional risk in check, I my I was hoping to not have to adjust this position until next week when I expect May options to be available but, unfortunately, that did not work out. I once again have an $5 wide. Hopefully, next week we'll get some more up moves so I have a chance to this spread out to May for more ideal prices and selection.
Risk Profile:
Strategy: Roll Down Call
btc 1 apr 17 58 call
sto 1 apr 17 53 call
Fill Price: $2.09 credit
Position Analysis
U/L Price: $52.31
IV: 73.0%
IVR: 65.6
Liquidity: 4/4
Position: Short APR 17 53/58 Inverted Strangle
POP: 0%
Cost Basis: $0.94
Risk: Undefined
BPR: $1050
Max Profit: -$4.06
Max Loss: unlimited
Extrinsic Value: $471.00
Net Delta: 22.35
Net Theta: 11.015