NaughtyPines

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

NaughtyPines Updated   
AMEX:EWZ   iShares Inc iShares 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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.