EWZ trade ideas
Options Trade Idea: iShares Brazil ETF (EWZ) Option Type: Put
Strike: $37.50
Expiry: 21 June 2019
Premium: $1.32
Underlying: $43.50
AMEX:EWZ
BUY EWZ on Bounce Off Double Bottom Neckline SupportBUY EWZ on bounce off Double Bottom Neckline Support. Stop at yesterday's minimum.
EWZ Not Done YetAlways looking for high gain plays, especially since I'm convinced the market is going to melt up for 2 more weeks.
Looks to me like EWZ has one more leg for the double top. This is not currency hedged so the dollar weakness helps as well. Into some Jan 25 calls with my GM profits.
Looking for EWZ to retrace as it should. Patience on re-entry.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 high levels.
GL luck all
Head and Shoulders Pattern on Brazilian Real = TailwindEWZ 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 clear bullish channel in the EWZ chart
Brazil oddly bullish as the world burnsLooking over the charts of markets around the world, SPX, EEM, FXI, Russia, it would seem the world is plunging into a bear market.
Yet this chart of Brazil looks oddly bullish, especially after the 10% pop yesterday. Poring over the news, there could be something happening in Brazil's government that is pro-economy.
No position, as I don't think anything will really escape a worldwide bear market. But this country is one to watch carefully. It could outpace during the next bull market. It did, after all, get smashed really hard not only in 2018, but this whole decade. Such carnage lays the foundation for actual reform and progress. Unlike the US markets, which as QE fueled bubbles, have allowed the US to forego addressing real problems, avoid real reform and restructuring.
EWZ - Brazil breaking outThe 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 and GM, but I think we're looking at day trades there.... closing both when GM or SPY closes the morning gap.
For those following me.... flipped the MNK and FB puts on open, as usual.
EWZ: Ready to move up from here after consolidating?$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 due for a pullbackIndicators all pointing to a bearish reversal. Brazil had a nice big rally, now it's time for a short term reversal. EWZ is ripe for a short, or for the putting.
First target: $37.77
Second target: $36.42
Third target: $35.08
Short EWZ setup (Brazil index)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 are all business friendly(it seems), the effect will need to build over time, not in 2 months.
Watch for exhaustion at 44-46 level for a short set up for continued downside. Weekly cloud suggests bearish price action ahead in 2019.
Bearish Divergence for Brazil?EWZ has made an impressive run to the upside, but has just come into an area where I believe the Bears to be strong... Additionally, the RSI confirms that Bulls may be weakening as we can see some pretty clear Bearish divergence on the D chart with RSI.
See callout bubbles. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.
EWZ NOV 16TH 34C/39P INVERTED SHORT STRANGLEJust 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 tolerable loss. The max I can earn on it is 1.87 (total credits received minus the width of the inversion -- five).
With a current theta of 5.36, I'm going to hang in with it a few more days ... .
EWZ 1 Hey look this guy is actually taking a short position. Been hearing a lot about Brasil, lots of hype in the market around the upcoming election and some trump-esque figure. This is pretty much my hedge on an escalating trade war. Also seems like a ridiculous run up. Honestly, not very well informed and have never taken a position so I will be watching just to learn and observe what type of news moves EWZ. Might look for some Jan/18p38 we will see.
$EWZ WeeklyIf the election goes the way 'they' want, and he seems to be poised to win; we we could see a $10-$15 upswing. Option call contracts are seeing high volume. #IMO
EWZ Short StrangleToday, I've executed EWZ strangles 30.5/43 C/P @ 1.12 expiring Nov16th (42 DTE) which are the 16 deltas as of this publication. My breakeven levels are 44.12 and 29.38. Currently at 100 IV rank, I'm hoping for an implied volatility contraction in the near future, and will looking to manage at 50% max profit or at 21 DTE.
Brazil -- great short opportunity coming soonI think come October, we will have another B wave top in brazil which can be shorted - as per my cycle analysis
