New EWZ position

EWZ is the Brazilian Shares ETF.

With the overal rising market volatility, and Brazilian elections pumping up uncertainty, EWZ had an IVR above 90, making it an interesting candidate for a new position.

I have sold one short strangle 26P and 34C with exp date on 18 nov for a 1.54 credit and a neutral delta.

I want to keep it small and profit from an IV drop, and in the mean time bring in some diversification into my portfolio.

Looking forward to next week!