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closed Positions

eem: 03.30.20 – 04.20.20

ETF | Emerging Markets | Status: Closed

Opening Trade

03.30.20
This trade is a reset of a losing EEM
I had. The share price rallied back between my
which, combined with
allowed me to recoup some significant losses. Even still, there is much more to be made back in EEM and this refreshed position will allow me to capitalize on any further vol contraction. If the market melts down again, I will probably lose the money I've made back just the same, but with this adjustment I'd at least have more favorable strikes and defensive tactics to rely on. I'm also releasing an extra $300 or so in
which might be needed in case of another meltdown. Looking to reevaluate my strategy if I can capture half of the
in this position, which would be around $1.00.

Risk Profile:

Figure 1

Strategy: Short MAY 15 31/37 Strangle

sto 1 may 15 31 put
sto 1 may 15 37 call
Fill Price: $1.95 credit

Position Analysis

U/L Price: $33.78
IV: 53.6%
IVR: 53.8
Liquidity: 4/4
Position: Short MAY 15 31/37 Strangle
POP: 56%
Cost Basis: $1.95
Risk: Undefined
BPR: $402
Max Profit: $1.95
Max Loss: Unlimited
Target P/L: $1.00
Break Even(s): $29.05, $38.95
Extrinsic Value: $195.00
Net Delta: 1.42
Net Theta: 3.867

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