Opening (IRA): EWW March 21st 46 Covered Call... for a 45.00 debit.
Comments: Taking a small (ish) directional shot in the Mexico exchange-traded fund, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 45
Key stats
About iShares Inc iShares MSCI Mexico ETF
Home page
Inception date
Mar 12, 1996
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
EWW is passively-managed to provides vanilla exposure to the Mexican stock market. The fund holds a concentrated portfolio of all-market-capitalization Mexican companies. The index is weighted by market cap, and aims to meet the Regulated Investment Company (RIC) requirements by employing a capping methodology so that no individual constituent exceeds 25% of index weight and the aggregate weight of constituents with over 5% weight in the index are capped at 50% weight of the portfolio. While the fund retains concentrated exposure, this capping process tilts the fund slightly smaller and leads to minor sector tilts. The index rebalancing occurs on a quarterly basis.
Classification
What's in the fund
Exposure type
Finance
Non-Energy Minerals
Transportation
Retail Trade
UNIT
Stock breakdown by region
EWW - Another Long-Term ViewThe new president tauted her first 100 days in office mexiconewsdaily.com yet the stock remains in a downtrend. On a chart pattern look, it appears that we are in the midst of a larger-term Right shoulder of a massive head and shoulders formation.
The shorter-term formation also appears to be
EWW - Betting on the ElectionWhile election betting sites are coming into the spotlight these days, another way to bet on the upcoming election is through betting on the Mexican economy. Anecdotal evidence indicates that China and even US manufacturing giants are set to build more plants in Mexico should the Harris team win.
Opened (IRA): EWW Oct 18th 50 Monied Covered Call... for a 49.02 debit.
Comments: Selling the -75 call against stock to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. The IV isn't fantastic here at 29.8%, but the ROC is kind of what I'm minimally looking for out of this sort of play, so putti
Idea - EWW, Feb 13 (short)As detailed on the chart, the trend has continued for some time, however price action may go back to the downside and move in our favor. If you entered on Feb 6th with the original cross signal, you'd still be waiting for the trade to do its thing; waiting to enter now basically gave us a pullback i
Will Mexico benefit from de-China shift? not yet says $EWWEWW should benefit from the shift toward Latin American countries and away from China. US manufacturers may be looking to bring manufacturing closer to home with geo political risks escalating this year. Higher shipping costs make Mexico an obvious candidate to consider. However, price action in EWW
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Summarizing what the indicators are suggesting.
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Moving Averages
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Moving Averages
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Displays a symbol's price movements over previous years to identify recurring trends.