TRADE IDEA: EWW NOV 18TH 46 SHORT PUT
Probability of Profit: 76%
Max Profit: $101/contract
Max Loss: Undefined (it would be $4499 if the 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.