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NaughtyPines

EWZ -- NON EARNINGS PREMIUM SELLING PLAY

iShares Inc iShares MSCI Brazil ETF (AMEX:EWZ)  
NaughtyPines Updated   
AMEX:EWZ   iShares Inc iShares MSCI Brazil ETF
EWZ nonearnings premiumselling options-strategy shortstrangle
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ewz nonearnings premiumselling options-strategy shortstrangle
Okay, so there isn't a 1.00 worth of credit in this setup, but I'm going to put it on anyways due to its high IVR/high IV (79/52).

EWZ Jan 29 18.5/26 short strangle
POP%: 70%
Max Profit: $82/contract
BPE: ~$235
BE's: 17.68/26.82
Comment:
Filled for an .80 credit.
Comment:
Out for 40% of max profit. Freeing up buying power for other stuff ... .
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