Neutral trade on EFA (Laddered Straddles)I didn't have any positions on EFA and With IV Rank at 47, I wanted to sell some premium. We are out of the ideal 45 days expiration window and since my portfolio theta is pretty low right now I decided to do laddered straddles.
Selling the 62 Straddle with 32 days to expiration and another one with 60 days to expiration. This will give us an avg date of expiration of 46.
I got a total of $526 in credit. This is close to a 50% chance trade, but I will look to take profit early to increase my probabilities.
