NaughtyPines

BUYING TO CLOSE EWZ APRIL 22ND 21P/24P/22.5C/27C BROKEN IRON FLY

AMEX:EWZ   ISHARES MSCI BRAZIL CAPPED ETF
9 months ago
This rolled out, "goofy" setup (it basically morphed into a long strangled inverted short strangle upon rolling) has moved into profit, so -- like the LULU short strangle (i.e., broken and rolled) -- I'll look to take it off at NY open for a small profit, so that I can redeploy the buying power elsewhere in a higher probability setup ... .

I'll post the trade chain once I've closed it out ... .
9 months ago
Comment: Oops. After I closed this out and examined the full trade chain, it turned out to be an $80 odd loser. Before you close a rolled out setup, always look at your entire trade chain to see if the original trade setup + rolls is in profit, not just the rolled out setup ... . Rookie error.
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