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closed Positions
xli: 02.25.20 – 05.15.20
ETF | Industrial Fund | Status: Closed
Adjustment #8
View original trade
03.23.20
XLI continues to drop so I continue to defend. The bright side is that is down significantly today, so I'm actually making a little money back even though I am directionally disadvantaged. Today I rolled my and to the 49/58 spread in May. I picked up $3.55 of credit and reduced my by almost half which will help soften the blow if XLI continues even lower. Thankfully, it is also enough of a credit that, even though I had to widen my inversion significantly, it doesn't lock in too much additional loss. I now need the share price to rally back between 49 and 58 and to contract even further.
Risk Profile:
Strategy: Roll Out and Down
btc 1 apr 17 53 call
btc 1 apr 17 58 put
sto 1 may 15 49 call
sto 1 may 15 58 put
Fill Price: $3.55 credit
Position Analysis
U/L Price: $48.12
IV: 66.1%
IVR: 70.4
Liquidity: 4/4
Position: Short MAY 15 49/58 Inverted Strangle
POP: 0%
Cost Basis: $4.49
Risk: Undefined
BPR: $2045
Max Profit: -$4.51
Max Loss: unlimited
Extrinsic Value: $547.00
Net Delta: 33.19
Net Theta: 6.264