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EWZ trade ideas

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.
AMEX:EWZ
by tangman
1
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.
AMEX:EWZLong
by hungry_hippo
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.
AMEX:EWZShort
by KeyTrade
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 ... .
AMEX:EWZ
by NaughtyPines
THE WEEK AHEAD: PEP, COST EARNINGS; EWZ, CRON, NIO, IQ, MJPEP 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 order if you haven't already got something on: the November 16th 29/39 short strangle is paying 1.59 at the mid with break evens around one standard deevy -- 27.41/40.59. You can naturally go with an October setup, but implied was over 20% higher out in November (44.0% versus 53.2%) as of Friday close, so you're likely to get a little more juice if you go a touch farther out in time. On the exchange-traded fund side of things, EWZ comes in at the top of the board, with a rank/30-day implied at 79/50, followed by USO at 65/28, and GDX at 50/27. Non-earnings high implied: CRON: 71/124; NIO: ~/106; MJ: ~/68.0, and IQ: -/61.4.* Broad Market Majors Background 30-Day: QQQ: 17.2%; IWM: 15.0%; DIA: 13.6%; EFA: 13.3%; SPY: 11.8%. * -- Neither NIO, MJ, nor IQ have been around for 52-weeks, so they don't currently have a 52-week range to evaluate. I would note that the options liquidity for MJ isn't the greatest, but figured I would throw it in there since weed is hot, and not everyone enjoys paying the single name roller coaster. The MJ November 16th 40 short straddle is paying a whopping 7.45 at the mid, with break evens at 32.55 and 47.45 ... .
AMEX:EWZ
by NaughtyPines