With IVR popping its head above 70 in EWZ, premium selling in this ETF is afoot!
Example:
Nov 6 15/17/24.5/26.5 Iron Condor
POP: 69%
Max Profit/BPE: .45/contract; 1.55/contract
Delta: -3.16/contract
Notes: As with most of my trades, I opt for a nondirectional stance with respect to these setups, even though there is some argument to be made that EWZ is at...
We are revising yesterday's EWZ order to a $22/$20 vertical spread (long the 10/9 $22 puts and short the 10/9 $20 puts), at a limit order of $0.67 per contract. This will give us a max gain of $133 per contract, and a max loss of $67 per contract. Hold until expiration.
This a bearish trade on EWZ using a 10/9/15 vertical put spread. Go long the 10/9 $22 put and short the 10/9 $20.50, with a limit order at $0.50 per contract. The max gain per contract is $100, and the max loss per contract is $50, for a 2:1 risk/reward ratio. Hold until expiration.
Keeps performing well after breakout/going above 10 week MA. Next level of resistance - blue line ($38.17) Also note EWZ begins to outperform emerging market.
Yacine Kanoun brought this stock to my attention.
I'm considering purchasing calls with a strike price of 40usd and an expiration date on March 6th.
The spread between USDBRL and EWZ is reaching similar percentages to what has show in the past, so I think that it's due for an adjustment, and thus agree with Yacine.
I also spotted a technical key level, which I...
full disclosure: I'm long the Dec19'14 puts @ $50
both the 13 (blue) and 34 (pink) Bollinger Bands have flattened out.
the 50 day MA is rising and the 200 day MA is relatively unchanged since late June.
the daily Williams %R is at -70; this indicates that pressure might turn negative.
based on these observations, $EWZ could see more losses in the near...
