RSX Implied Volatility @ upper end of range. Looking to sell premium.
Note: Price down over 10% in the last 2 weeks, possibly triggered by Ukraine jitters.
SELL -10 STRANGLE RSX 100 APR 14 26/19 CALL/PUT @.45 LMT (# of contracts to be tailored to match desired position size)
Short Strikes =~ 86% OTM
Probability of profit for strangle =~ 75%
Expected return on capital over a 40 day period (if held to expiration) = 420/2500 =~ 16.8%