Go where the volatility takes you, I say. Layering on a bit more EWZ fly here, this time in the Jan 13th expiry.
Metrics:
Probability of Profit: 42%
Max Profit: $214/contract
Max Loss: $136/contract
Break Evens: 30.36/34.64
Notes: You know the drill ... . Will look to take this off at 25% max profit.
Metrics:
Probability of Profit: 42%
Max Profit: $214/contract
Max Loss: $136/contract
Break Evens: 30.36/34.64
Notes: You know the drill ... . Will look to take this off at 25% max profit.
Note
Covering here for a 1.71 db (in total). I couldn't get a fill to take off the entire setup, so I had to leg out, closing the 32.5/32.5 short straddle first, the 29/36 long strangle after. $31 net profit/contract after fees/comms. A bit short of 25% max, but with 17 DTE, figured I'd take profit here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.