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closed Positions

fxi: 01.24.20 – 04.16.20

ETF | Chinese Equities | Status: Closed

Opening Trade

01.24.20
It's been months time since I've seen
above the 20s in any tradeable
and FXI, Chinese equities, is over 50 today – finally something to trade! The general market it also down about 1% today causing a 7% spike in the
These are the largest moves we've seen in a long, long time. I hope this move brings forth some two-way market action but, in case it doesn't, I'm going to
today to take advantage of heightened levels.
I've chosen to
the 40/44
in the March
for $1.27. The position will benefit through the
and
contraction. If volatility continues to expand, this position will be disadvantaged, but hopefully that will correlate with better opportunities throughout the broader market. I'm targeting a $0.63 profit which is about 50% of the max potential.

Risk Profile:

Figure 1

Strategy: Short MAR 20 40/44 Strangle

sto 1 mar 20 40 put
sto 1 mar 20 44 call
Fill Price: $1.27 credit

Position Analysis

U/L Price: $42.16
IV: 23.0%
IVR: 57.5
Liquidity: 4/4
Position: Short MAR 20 40/44 Strangle
POP: 61%
Cost Basis: $1.27
Risk: Undefined
BPR: $670
Max Profit: $1.27
Max Loss: Unlimited
Target P/L: $0.63
Break Even(s): $38.73, $45.27
Extrinsic Value: $127.00
Net Delta: -4.15
Net Theta: 2.118

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