NaughtyPines

TRADE IDEA: EWW NOV 18TH 46 SHORT PUT

AMEX:EWW   ISHARES MSCI MEXICO CAPPED ETF
I've never played this particular broad market ETF , but it beats trading SPY             et al. here, particularly since you can get a 1.00 in credit out of a short put in an sub-$50 underlying ... .

Metrics:

Probability of Profit: 76%
Max Profit: $101/contract
Max Loss: Undefined (it would be $4499 if the ETF went to zero and you did absolutely nothing)
Break Even: 44.99

Notes: I'm not going to be putting on a trade in this, since I think there's downside risk associated with U.S. elections. However, at the very least, it's worth watching here. The IV and therefore the premium is higher here than in SPY             , IWM             , QQQ             , and DIA             ... . The downside is that it is not quite as liquid as those instruments.
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