With IVR popping its head above 70 in EWZ, premium selling in this ETF is afoot!
Example:
Nov 6 15/17/24.5/26.5 Iron Condor
POP: 69%
Max Profit/BPE: .45/contract; 1.55/contract
Delta: -3.16/contract
Notes: As with most of my trades, I opt for a nondirectional stance with respect to these setups, even though there is some argument to be made that EWZ is at historical lows ... . Look to take the entire setup off for 50% max profit ... .
Example:
Nov 6 15/17/24.5/26.5 Iron Condor
POP: 69%
Max Profit/BPE: .45/contract; 1.55/contract
Delta: -3.16/contract
Notes: As with most of my trades, I opt for a nondirectional stance with respect to these setups, even though there is some argument to be made that EWZ is at historical lows ... . Look to take the entire setup off for 50% max profit ... .