EWZ
iShares MSCI Brazil ETF
stock NYSE ETF

Its an election. Unless the mm's trading EWZ options already know who's getting elected lol

OP doesn't need to know. EWZ is a liquid and well followed ETF, therefore OP can assume the market is up to date on all known information. If that's true, the volatility risk premium exists, and that's all OP needs to know.

Its an election. Unless the mm's trading EWZ options already know who's getting elected lol

OP doesn't need to know. EWZ is a liquid and well followed ETF, therefore OP can assume the market is up to date on all known information. If that's true, the volatility risk premium exists, and that's all OP needs to know.

Good opportunity. Calls are juicy now. EWZ have very low correlation compared to market, 0.21 to SPY. In my portfolio I had many strangles with very high POP, practically all of them were winners - only 1-2 strike was once breached in past few months. It has also very small size - $37. Strangle BP \~ 400USD. When you trade on that big underlying you feel like surfing on wave.

Keep selling premium in EWZ, it has elevated IV rank