This a bearish
trade on EWG
using a 10/23/15 vertical put spread. Go long the 10/23 $24.50 put and short the 10/23 $23.50, with a limit order at $0.34 per contract. The max gain per contract is $66, and the max loss per contract is $34, for slightly less than a 2:1 risk/reward ratio. Hold until expiration.