2/10/2020

XLE

Strangle

Credit Received:

$55 x 2

$110

Expiration:

3/20

Probability of Profit:

76%

Stock Price:

$53.57

IV Rank at Open:

51.6

Implied Volatility:

22%

Strikes:

57.21 Call

49.21 Put

Probability of 50%:

87

Buying Power Reduction:

1521

Adjusted

Adjustment Date:

2/26/2020

Adjustment Expiration:

3/20

Adjustment Credit:

$64 x 2

Strikes:

+57.21 Call

-49.21 Call

Adjusted

Adjustment Date:

2/27/2020

Adjustment Expiration:

3/20

Adjustment Credit:

$118 x 2

Strikes:

+49.21 Call

-46.21 Call

Rolled

Rolled Date:

3/2/2020

Rolled Expiration:

4/17

Rolled Credit:

-$279 x 2

IV Rank at Roll:

84.8

Strikes:

+46.21 March Call

+49.21 March Put

-48.21 April Call

-43.71 April Put

Adjusted

Adjustment Date:

3/7/2020

Adjustment Expiration:

Jan 17th

Adjustment Credit:

$92

Strikes:

+48.21 Call

-45.21 Call

Adjusted

Adjustment Date:

3/9/2020

Adjustment Expiration:

4/17

Adjustment Credit:

$296

Strikes:

+45.21 Call

-35.5 Call

Adjusted

Adjustment Date:

3/12/2020

Adjustment Expiration:

4/17

Adjustment Credit:

$220

Strikes:

+35.50 Call

-30 Call