Opening: EWY Sept 18th 130/140/195/205 Iron Condor
iShares MSCI South Korea ETF BATS:EWY
for a 3.37 credit.
Comments: After having closed my previous September monthly setup, opening a new on with slightly adjusted strikes since IV is still high and there are 42 days to go in that expiry.
Metrics:
Max Profit: 3.37 ($337)
Max Loss/Buying Power Effect: 6.63 ($663)
ROC at Max: 50.8%
ROC at 50% Max: 25.4%
Will generally look to take profit at 50% max.
