OPENING: EWZ JAN 13TH 29/32.5/32.5/36 IRON FLYGo 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.