Today, I've executed EWZ strangles 30.5/43 C/P @ 1.12 expiring Nov16th (42 DTE) which are the 16 deltas as of this publication. My breakeven levels are 44.12 and 29.38. Currently at 100 IV rank, I'm hoping for an implied volatility contraction in the near future, and will looking to manage at 50% max profit or at 21 DTE.