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closed Positions

KRE: 03.23.20 – 03.26.20

ETF | Banking Fund | Status: Closed

Opening Trade

03.23.20
This is part 2 of a somewhat experimental KRE adjustment. My position had become such a bad loser, and the options so illiquid that I opted for plain shares instead. I decided to only buy 25 shares because it is the equivalent of 25∆ – a slow but comfortable rate of risk for my portfolio size. The drawdown is that this adjustment does not take advantage of
at all so, as soon as the option liquidity improves I'd like to revert back to an option-based position – perhaps a
or something similar... We'll see. For now this new position will move very slowly which will allow me to let it be as I deal with some of my other struggling positions.

Risk Profile:

Figure 1

Strategy: Long 25 Shares

bto 25 Shares
Fill Price: $7.37 debit

Position Analysis

U/L Price: $29.47
IV: 111.8%
IVR: 66.4
Liquidity: 4/4
Position: Long 25 Shares
POP: 50%
Cost Basis: -$7.37
Risk: Defined
BPR: $368.75
Break Even(s): $29.47
Extrinsic Value: 0
Net Delta: 25
Net Theta: 0

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