Hey everyone! Just wanted to share my top trade idea from today, something that might be especially interesting for small accounts.
I opened a skewed strangle on KWEB. With IV Rank at 44 (thanks to China tariff headlines), the implied volatility looks overpriced again, as it often is with this ETF when compared to its historically low realized vol (see my research).
Here's the setup:
Collected $150 in premium.
85% chance of keeping 50%.
No earnings risk.
Tons of flexibility if adjustment is needed.
I love KWEB for short premium plays — underrated but juicy.
Let me know if you want more details or how I might manage this going forward?