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closed Positions

ewz: 01.30.20 – 02.18.20

ETF | Brazilian Equities | Status: Closed

Opening Trade

01.30.20
Jumping back into EWZ with this small pop in
I sold the ~25-30
to create a
in the March 20
I collected $1.60, so my profit target is about 50% of that amount (around $0.80). This trade should benefit from the
and volatility contraction. It can be hurt by volatility expansion and/or a very large move in one direction. If that were to happen I may need to defend by
the
side.

Risk Profile:

Figure 1

Strategy: Short MAR 20 41/46 Strangle

sto 1 mar 20 41 put
sto 1 mar 20 46 call
Fill Price: $1.60 credit

Position Analysis

U/L Price: $43.81
IV: 28.5%
IVR: 36.1
Liquidity: 4/4
Position: Short MAR 20 41/46 Strangle
POP: 63%
Cost Basis: $1.60
Risk: Undefined
BPR: $660
Max Profit: $1.60
Max Loss: Unlimited
Target P/L: $0.80
Break Even(s): $39.40, $47.60
Extrinsic Value: $160.00
Net Delta: -6.29
Net Theta: 2.954

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