OPENING: EWZ JAN 13TH 29/32.5/32.5/36 IRON FLY

Go where the volatility takes you, I say. Layering on a bit more EWZ fly here, this time in the Jan 13th expiry.

Metrics:

Probability of Profit: 42%
Max Profit: $214/contract
Max Loss: $136/contract
Break Evens: 30.36/34.64

Notes: You know the drill ... . Will look to take this off at 25% max profit.

評論:

Covering here for a 1.71 db (in total). I couldn't get a fill to take off the entire setup, so I had to leg out, closing the 32.5/32.5 short straddle first, the 29/36 long strangle after. $31 net profit/contract after fees/comms. A bit short of 25% max, but with 17 DTE, figured I'd take profit here.