Quite a choppy market today again with a fair bit of opportunity.
What's shocking is that a few stocks, like NFLX and FB, just keep going down.
FB has it's earnings after close today and I am expecting a big move either way.
So what's my trade for today?
With the IVR through the roof again it's time to travel to Brazil and try my luck with #EWZ ( #BrazilETF ). Just because of the overall market conditions I am slightly bearish but am also concerned about the chess the Russian leaders are playing, which might drive up the price of oil and natural gas. Consequently the EWZ could also go up.
The stats
Trade Type: Short Strangle
Strike: $28 / 37
Expiry: 17 Jun
Delta: -2
IV Rank: 68.6
Premium: $1
Cap Req: $332
Annualised Prof at Expiry: 216%
Closed deal for today:
https://www.tycoonitos.com/community/market-comments/market-comments-20220425
Let me know your thoughts.
Another beautiful winner!
Closed at $0.74 for an annualised profit of 273%.
Rolled down the call side to $35
Total credit: $1.21