An interesting way to see how countries are doing is by the iShares of the country.
Mexico had seen a breakout, but very quickly gave that up, creating a failed breakout.
Next support & resistance levels are drawn in the chart.
50sma and 200sma look like they will start trading together.
Mortality rate there is the highest in the world unfortunately.
this is a 2weeks 4%exp, almost 5% but we keep our probability set at 4%, more conservative 63%. RR is 100-63/63= 0.57
Actual RR is higher, becvause max profit and max loss are both 50$ , so RR is 1.00
... for a 2.44/contract credit.
Notes: With price trading in between the 32 and 33 strikes, went skinny short strangle in lieu of short straddle. Since it's almost a straddle, I'll look to take profit at 25% max.
I've gone ahead and shown defined risk wings for an iron fly/skinny iron condor setup on the chart -- the September 18th 28/32/33/37, which was paying...
... for a 2.17 credit.
Notes: Relatively high rank/implied for an exchange-traded fund at 40/38. This isn't quite a Big Jade Lizard, which usually consists of an at-the-money short straddle with a long call, but it's trading between the strikes, so opened it up to a skinny at 32/33. No upside risk, since the total credit receives exceeds the width of the short...
Looks to me like it's gotta break out sooner or later, one of few world indices not to bounce (mainly because of oil prices). Dipped into some calls Friday, but we may have to wait another week before it breaks out... we'll see.
If oil goes up, so will Mexico and Brazil (EWZ) for sure.
coz cheap can get cheaper......
If you have been to Bangkok streets market and are a good bargainer, then you are likely to bargain your way down the street, taking the cheapest offer that the shop owner is willing to offer you. Tip : Don't look back if you are not going to accept her offer or bargain further with her.
Same thing for trading as well. Just...
Got into this this morning after the Trump news, chart pattern looks good for a breakout (along with a bunch of other stocks).
EWW has low options premium and good liquidity, you guys know this isn't the first time I've played with this. I get better returns than playing with SPY, DIA, or IWM options.
Was gonna be a day trade but I'm holding overnight, guessing a gap up tomorrow.
Bouncing from oversold conditions.
Pay attention to these foreign market ETFs, they have good options liquidity (EWW, EWZ, etc) and tend to move more than the US market. keep in mind they are not currency hedged though....