Very high probability trade on IYR

IYR haved moved over 8% in the last 2 months. With an IV percentile of over 60% we can sell premium and get a higher probability trade. I will be using a combination of ratio spreads Selling the (2) 73 and (2) 78 Puts and buying (1) 75 put and (1) 81 put. This will give us the potential to win $330 per trade and giving us a break even of $72.84 with a 85% chance of profit. The price would have to move another 8% down for us to be in trouble.

Trade ativo:

Forgot to put the break even line.

Trade fechado: objetivo atingido:

Target reached... closed the trade.