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.
Comment
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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.