Trading EWZ with options. Calenders and Verticals in specific. looking for a retrace so im open ended on the position to the down side. Im long term Bullish. Short term Bearish. Also note, if retracement actually matures, it will leave a bearish formation producing resistance levels. The market will have to fight back a little harder to bring back the current...
EWZ is a derivative of the Brazilian stock market ( IBOV ) and the USD/BRL relationship. There is a clear head and shoulders pattern developing in the Brazilian Real. The drop in the Real should provide a tailwind for Brazilian stocks. On top of that, the IBOV just broke out above 90,000. I see continued upside in EWZ and BRZU as a result. This can be seen in the...
The Latino Trump was inaugurated, and it looks like EWZ (Brazil ETF) is now breaking our of a bull flag similar to last year. Can't say I'm bullish on the market, but this might be a good short term trade. Long EWZ Jan 11 calls. I've been playing with EWZ for a while, surprising amount of liquidity in options for EWZ (Brazil) and EWW (Mexico). Also long on XRT...
Amazingly bullish setup. As soon as it tested the MA200 and the .618 of the previous uptrend, the buyers appeared. This is an absolute clear buy.
Holding position here. Weeekly set up showing some strength on volume and momentum. $EWZ $BRZU
$EWZ looks poised to rally above the 'Temer almost impeached' fundamental key levels. These 3 price levels acted as key support and resistance zones since the market bottomed as per my previous publication, good time to rebuy Brazilian stocks. Bolsonaro being elected president might please investors in the long run, is what I think. Cheers, Ivan Labrie.
Brazil has been bullish lately with elections and central bank lifting interest rates. $USDBRL has been down for quite a lot. However, the move is short term, here is why: 1. Brazil cannot sustain high interest rate for such big deficit (it's not financially strong as U.S) 2. Election effect is priced in and will be gone after the event. Although the candidates...
Just updating an EWZ trade that I started out some time ago as an iron fly (See Post Below). Currently, it's morphed into an inverted November 16th 34C/39P -- a 5-wide, inverted short strangle that I've collected 6.87/contract in credits to date. Currently, this broken setup is valued at 7.16, so if I closed it out here for 7.16, I'd realize a small and very...
Even though best opportunity on double bottom with extreme OBV divergence already passed, the recent breach of the previous top may be a good buy opportunity with stop loss at 4.00.
BUY SNSL3 On double bottom and breakout from negative trend line. MACD highly divergent.
Although the earnings season has already kicked off modestly, a bevvy of financials announce next week: C, JPM, and WFC (all on Friday). I generally don't play these underlyings for volatility contraction around earnings primarily because the implied volatility just doesn't ramp up to the degree I'd like to see for a play. I thought I'd mention them here since...
AT40 = 33.8% of stocks are trading above their respective 40-day moving averages (DMAs) (was as low 31.9%) AT200 = 47.8% of stocks are trading above their respective 200DMAs VIX = 14.0 (was as high as 15.8) Short-term Trading Call: neutral Commentary The S&P 500 is only 1.0% off its all-time high, yet extremes and critical tests of support abound. AT40 (T2108),...
Ladies and gentlemen, we realized we left some of you on the land, so we are back to give you the last opportunity to hop in. Once we launched, you will not see us again for a long time. Hope you join us.
MA200 around 5.00 Fibonnacci based extension 5.20 In any case, we still have a beautiful upside before hitting a serious resistance. I'm in.
PEP announces earnings on Tuesday before market open; COST, on Thursday, after. Neither presents a particularly compelling earnings announcement-related volatility contraction play, with PEP's rank/30-day implied coming in at 30/18, and COST's at 35/23. With Brazilian elections taking place a week from today (October 7th), it seems to me that an EWZ play is in...
This post is going to be short work, since there aren't many earnings in play for next week, and non-earnings premium selling is somewhat limited ... . NKE is the only earnings that comes up on my radar for next week (announces on Tuesday after market close). While it has an implied volatility rank of 72, its 30-day isn't exactly "doing it" at 29%. That being...
EWZ still has high IV & IVR and looks to be finding some support at this level . Good value on a 31/26p 37/42 Iron Condor Selling for 2.36 cr max risk 2.64 Tasty stats POP 56% P50 62% Delta -1.95 theta 2.35