EWZ - Brazil
Updated
Looking for some high IV trades to enter into the mix here.
-1 Sep21 33/40 strangle for $1.34.
Risk: 2x credit received (worst case, take stock)
Target: 50% profit
Depending on how things go, I may keep rolling this position on in different ways, reacting to how the market moves.
-1 Sep21 33/40 strangle for $1.34.
Risk: 2x credit received (worst case, take stock)
Target: 50% profit
Depending on how things go, I may keep rolling this position on in different ways, reacting to how the market moves.
Trade closed manually
IV is picking up in this underlying again, even more so in the back months. I have since closed this trade and rolled out to Oct to gain more credit and widen the strikes a bit. Closed for $1.01 db, so about a 1% ROC in 2 weeks if this was cash secured. 32% ROC overall.
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