rlim

Looking to sell a put spread in FXI

AMEX:FXI   ISHARES CHINA LARGE-CAP ETF
4 0 0
FXI             near bottom of range.
Will look at tomorrow's price action in the morning to determine if I want to get in.

If it stays around the 38.8 level, I am looking to get in.
If it goes up, I may decide to sit this one one.
If it drops a large percentage, I think I will still go in and bet it is an over reaction, but go in with strikes further out of the money.

Once I'm in, if it continues to go down, I will hold until 2 weeks left. Unless it drops, recovers, and shows weakness in breaking back up above 38.8. Then I will switch sides and place a call spread

I will exit w/ 50% profit.
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