NaughtyPines
Long

OPENING (IRA): EWZ SEPTEMBER/JUNE 17/19 SHORT PUT LADDER

AMEX:EWZ   ISHARES INC
... for a 1.44 credit.

It's not much of a ladder with only two rungs, but there's no July currently (there will be one after May opex, after which I'll consider adding a third rung).

An acquisitional play in high rank/implied (53/66) to potentially grab this divvy yielder (5.15%) at a discount.
Comment: Just noticed that it should be the June 19's and September 16''s, not the 17's and 19's as indicated in the header.
Trade active: Out of the June 19's for .20/contract. Scratch at 1.22. Will look at adding in a July run next week; 30-day IV still at 54.9%.
Trade closed manually: Out of the September 16's for .07, so made 1.15 ($115).

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