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closed Positions

eem: 04.20.20 – 05.11.20

ETF | Emerging Markets | Status: Closed

Opening Trade

04.20.20
I'm not really sure what's going on with these weird strikes, but EEM has good
and
so I'd like to replace my old position with a new one. I'm selling the 32.72/39
for $1.50. It's a neutral position that should benefit from the
and
I'll look to close this position for 50% of max potential profit which would amount to around $0.75.

Risk Profile:

Figure 1

Strategy: Short JUN 19 32.73/39 Strangle

sto 1 jun 19 32.73 put
sto 1 jun 19 39 call
Fill Price: $1.50 credit

Position Analysis

U/L Price: $36.09
IV: 38.0%
IVR: 42.2
Liquidity: 4/4
Position: Short JUN 19 32.73/39 Strangle
POP: 60%
Cost Basis: $1.50
Risk: Undefined
BPR: $450
Max Profit: $1.50
Max Loss: Unlimited
Target P/L: $0.75
Break Even(s): $31.23, $40.50
Extrinsic Value: $150.00
Net Delta: -1.19
Net Theta: 2.535

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