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closed Positions

ewz: 02.24.20 – 05.12.20

ETF | Brazilian Equities | Status: Closed

Opening Trade

02.24.20
EWZ has been one of my go-tos for trading because it is
low price (which means a low capital requirement), and has good
Today I
a
in April for $1.67 in order to take advantage of heightened
levels caused by a large
Looking to make 50% of max profit potential through volatility contraction and

Risk Profile:

Figure 1

Strategy: Short APR 17 38/43 Strangle

sto 1 apr 17 38 put
sto 1 apr 17 43 call
Fill Price: $1.67 credit

Position Analysis

U/L Price: $40.60
IV: 30.7%
IVR: 56.2
Liquidity: 4/4
Position: Short APR 17 38/43 Strangle
POP: 62%
Cost Basis: $1.67
Risk: Undefined
BPR: $580
Max Profit: $1.67
Max Loss: Unlimited
Target P/L: $0.83
Break Even(s): $36.33, $44.67
Extrinsic Value: $167.00
Net Delta: -4.17
Net Theta: 2.875

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