Brazil $EWZ Hanging on by a thread - ShortMacro view of Brazil. Symmetrical wedge with a bias to the downside due to the price being below all macro VWAP + large volume shelf. Short on the macro basis.
Key stats
About iShares Inc iShares MSCI Brazil ETF
Expense ratio
0.59%
Home page
Inception date
Jul 10, 2000
EWZ tracks an index of large- and midcap companies from the B3 exchange in Brazil. The index applies limits as imposed on regulated investment companies under the US Internal Revenue Code. No single issuer exceeds 25% and all issuers with a weight above 5% do not go above 50% of the index weight. The index is rebalanced quarterly, starting February.
Classification
What's in the fund
Exposure type
Finance
Energy Minerals
Technology Services
Non-Energy Minerals
Stock breakdown by region
Potential long on Brazil $EWZ ETFIs it time to become a Brazil bull?
+ AMEX:EWZ iShares ETF down nearly 70% from ATH
+ Pays an indicated 7% dividend
+ Milei's success in Argentina hopefully ignites a free market renaissance across LatAm
Opening (IRA): EWZ July 19th 31 Monied Covered Call... for a 30.31 debit.
Comments: Decent 30-day IV at 34.0%, but I'm primarily looking to position myself to grab the June dividend. IV is skewed to the put side in this underlying, so the general go-to would be short put, but to grab the dividend, you have to be in stock.
Because I want the extr
JADE LIZARD Trade Idea for Jan 2025JADE LIZARD
$33 Call 1/17/2025 Buy
$32 Call 1/17/2025 Sell
-{Current Share Price: $29.77}-
$29 Put 1/17/2025 Sell
Approx $175 credit as of 10/2.
Jade Lizard = Credit from short put (below the price) exceeds max loss of call credit spread (above the price).
Worst case scenario is owning 100 s
Argentina and India outperform across emerging marketsAmong emerging markets, Argentina and India have been booming.
Whereas countries like South Africa and Brazil have been stagnating (as measured by global ETFs).
EWZ setting up multi-year breakout
Brazil boasts a strong investment case compared to an overvalued US market, which is historically trading at depressed multiples. The global scenario is looking positive for emerging market equities, like ewz and small cap brf with slower GDP deceleration, resilient commodity prices, and inflatio
Opening (IRA): EWZ Sept 20th 25 Short Put... for a .53 credit.
Comments: In for a penny ... . In for a pound. With the July 19th 28 short put looking ripe for assignment (it's still got time, so you never know), adding a rung here out in Sept (there is no August monthly yet).
The current position is a Dec 20th 29 Covered Call with a
Opening (IRA): EWZ July 19th 28 Short Put... for a .65 credit.
Comments: Adding a short put element to my EWZ covered call ... . Here, it was either sell the 21 delta 27 for .36 or be more aggressive and sell the 30 delta for .65.
Do I really want more shares of EWZ? Not particularly. That being said, IV isn't horrid here at 26.5%, a
EWZ - Brazil was forgotten and will comebackWhile China, India, Russia and the Middle East have been very noticed, Brazil has been overlooked. With the discussion of the end of the dollar's hegemony, it may be a good time to look at emerging markets. Despite controversial policies, it is a country without problematic neighbors and with many n
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Displays a symbol's price movements over previous years to identify recurring trends.