NaughtyPines

OPENING: EWZ JAN 6TH 28.5/32/32/36 IRON FLY

AMEX:EWZ   ISHARES INC MSCI BRAZIL ETF
And right back into "the Brazilian," as there isn't much high implied volatility rank/high implied volatility stuff to play out there at the moment ... .

Metrics:

Probability of Profit: 45%
Max Profit: $223/contract
Max Loss: $177/contract
Break Evens: 29.77/34.23

Notes: Will look to manage at 25% max profit.
Trade closed manually: With 18 DTE, covering three out of the four legs here -- the 28.5P/32P/32C for a 1.78 db. The long call option is currently "no bid," so I'll either let it expire worthless or take it off for cheap if it gets bid between now and expiry. $44 gross profit; $32 net after fees/comms.
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