As I was scanning through my watch list and going through my check list of criteria, EEM came up as a candidate for a short strangle. I am not one to typically trade strangles or straddles, but I feel the opportunity is there. EEM is in my opinion approaching a key level of support near the 36 level. I think we could see a bounce in EEM, which I think will crush implied volatility back to the 25-28 level. With that said I think selling implied is a good trade on EEM. As I manage this trade I will keep you posted to how things are going.