EEM Bearish Trend Continues-> Buy PUTS Options

Hey guys,

These last few weeks, I've been enjoying passive investing with TQQQ and UPRO , but today I took my profits and found a great opportunity in betting that emerging markets will go down. I bought the 47.5 puts and 49 puts today. EEM has recently had a "small bounce" up and then it got smacked down hard today. With a break of the lows,(Coming Soon) EEM should go atleast to 41.00 and most likely 40.00. My puts expire in December and this trade has an expectancy of 50% Profits when the stock goes to 40.00 per share. To me, this like a very probably trade. Let me know what you think.

Comment: Hello ladies and gentlemen,

Last week we quite drop in EEM where my put options gained alot within 1 week. I was expecting a hard drop over a few weeks but the stock fell 4% within 3 days. I was watching the stock on Friday morning and felt the need to take my profits.

I bought the 12/21/18 $49 PUT for 625.00$ and sold it for 763.00$ = 138$ or 22%
I also bought 47.5 Put for 1,500.00 and sold it for 1,875.00$ =375$ or 25%

I am expecting EEM to continue to go down over the longterm but in the short term, EEM could retrace back to $43.50 per share and thats where I would start buying puts again.
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