NaughtyPines

Opening: EWZ December 17th 25 Short Put

Long
AMEX:EWZ   iShares Inc iShares MSCI Brazil ETF
... for a .58/contract credit.

Comments: With 30-day implied at 38.6% (i.e., >35), opening up some more EWZ in the margin account.

On margin: .58 on buying power effect of 2.52, 23.0% ROC at max as a function of buying power effect. Cash secured: .58 on notional risk of 24.42; 2.4% ROC as a function of notional risk.
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