MikeL 8:52 am on Thursday, June 7, 2018
Tags: Fuzzy ( 414 ), ShortPuts ( 4,763 )

#shortputs EWZ is down another…

EWZ is down another 5%.
Is it an opportunity to go long?

Ramie 9:03 am on Thursday, June 7, 2018

I think so. Already short some Dec puts on this. Just sold Oct 28 puts for 1.20. Delta 23.
- MikeL 9:06 am on Thursday, June 7, 2018
  
  I have added to Dec puts.
  SLD EWZ Dec21’18 30 PUT 2.30
  Better premium now.
mortlightman 9:46 am on Thursday, June 7, 2018

EWZ
BTO Jul 6 31/31/30 1.61 #Fuzzy
matt0311 10:34 am on Thursday, June 7, 2018

Seems like Brazil goes kaput! Have a hurting strangle on that one expiration in July. Still waiting to sell some more puts as just now 1,4 million share changed hands in a minute. This has the signs of panic selling.
- MikeL 11:10 am on Thursday, June 7, 2018
  
  Best time to sell is just before the panic is over. 🙂