NaughtyPines

Opening (Margin): EWZ October 21st 28/35 Short Strangle

AMEX:EWZ   iShares Inc iShares MSCI Brazil ETF
... for a 1.18 credit.

Comments: High IVR/IV at 62/47. Selling the ~20 delta strikes or so both sides. 1.18 credit on buying power effect of 3.18. 37.1% ROC at max; 18.6% at 50% max. Delta/theta -5.06/3.13.
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