... for a 1.25 credit. Comments: Closing out at 21 days for a small loss (.07/$7). With this volatility expansion here, I want to redeploy into the biggest bang for my buck, which may or may not be in EWZ.
After the accumulation zone, EWZ can pump up. Important Fibonacci Levels: -20,0 -26,9 -31,0 -34,2 -37,7 -42,2 -48,4
... for a 1.18 credit. Comments: High IVR/IV at 62/47. Selling the ~20 delta strikes or so both sides. 1.18 credit on buying power effect of 3.18. 37.1% ROC at max; 18.6% at 50% max. Delta/theta -5.06/3.13.
... for a .23/contract debit. Comments: Filled for .47/contract (See Post Below), hit 50% max today. .24 ($24) profit/contract.
I’d like an ETF for E7 Countries, holding their ETFs (Brazil EWZ; China MCHI; India INDA; Indonesia EIDO; Mexico EWW; Russia ERUS; Turquia TUR). Theses countries has been more GDP upside than the G7 Countries. An this must go on. *** The Russia ETD was excluded for the “index” because it isn’t been working on. I’ll include the ETF ERUS after the war.
... for a .47/contract credit. Comments: Selling some 15 delta premium in the Brazil exchange-traded fund (IVR/IV 83/54) on weakness. .47 on buying power effect of 2.31 (on margin). 20.3% ROC at max; 10.2% ROC at 50% max.
With the current fear of recession & rising inflation in the US, a lot of funds will be flowing outside into emerging markets, China & also Brazil which is rich in commodities especially now that the dollar seems to be peaking out as foreign markets slowly becomes more attractive to invest in. EWZ may retrace down first to fill the gap at 33.65 green line. A...
One of my followers asked me for a long term play, here's one. EWZ (Brazil) is still at the same level as 2008. It's in a pennant and looks like it will break upward. Why? What does 2022 and 2007 have in common? High oil and commodity prices. Materials and Energy is 40% of EWZ plus the currency is rallying because of oil. I suppose you can play DBC...
... for .18/contract debit. Comments: A little bounce, a little volatility contraction ... . In for a .71/contract credit (See Post Below); out for .18 here with 28 days to go. .53 ($53) profit/contract.
... for a .71/contract credit. Comments: Taking a directional shot on weakness here and in high IVR/IV (92/46). .71/contract credit on buying power effect of 2.71; 26.2% ROC as a function of buying power effect at max; 13.1% at 50% max.
The commodity 'super cycle' trade is definitely over crowded. Likely to see another pull back, possible to lower bound. Ongoing commodity tightness in the next decade would benefit Brazilian equities. Brazilian Real, showing strength. Observe , build confidence. Not for the faint hearted.
#BRAZIL Looks bullish, let's see if it samba! #EWZ . Dollar cost average if drops to 26$. Couple of months timeframe. I dont know why but it should go up :P
Not as other EM, Brazil sees it's stock market prices surge. Having not applied sanctions to Russia, and being a strong commodities economy, we see EWZ price surge. Watch out for inflation.
... for a 4.76 credit. Comments: The most I could make on this was 5.00 (the width of the diagonal), so closed it out here with 39 days to go, rather than roll out the short call to April or hang out for the remaining extrinsic to bleed out. My cost basis in the entire setup was a 4.22 debit. (See Post Below). Closing it out here for a 4.76 credit results in...
Trader Vic (Victor Sperandeo) says you gotta go long here ! By his "Principles of Professional Speculation" , EWZ weekly has broken down trend and pivoted to an up trend. I'm also liking the volume and and MACD bullish confluence. I went long starter size March 32/34 debit spread , and will add with more confirmation. Some whale also bought 17K of these...
... for 7.45/contract. Comments: With the short leg having expired worthless, went ahead and closed out the long leg of this diagonal here rather than covering it again. My cost basis was 6.37/contract as of the last short leg roll. (See Post Below). Closing out the long leg here results in a 1.08 ($108)/contract winner (which seemed to have taken forever).
The iShares MSCI Brazil ETF has skidded lower since the summer, but now it may be reversing higher. The first pattern on today’s chart is the bearish trendline running along the highs of June, July and December. EWZ broke above that line last week and has remained there since – even as the S&P 500 crashed to a seven-month low. Next consider the 10- and 50-day...
... for a .38 credit. Comments: Rolled the short call aspect of my long call diagonal, the back month of which is in June at the 25 strike. There wasn't much extrinsic left in it, so I first looked at rolling down to the 30 intraexpiry, but that wasn't paying squat, so rolled it down and out to a strike slightly above my cost basis/break even, which is now 4.54...