AMEX:FEZ   SPDR DJ Euro STOXX 50 Etf
With the May 7 French election this Sunday the IV rank on FEZ today was decent at 46%. A 36/39/42 iron fly on June 16 expiry brought in $155 credit and $145 max loss. Breakevens at 37.45 and 40 .55. By Monday morning I expect the IV to deflate quickly. After the first election round the IV in FEZ deflated 10 points when markets opened the next day. I'll aim close the whole trade early rather than hold to expiry.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.