NaughtyPines

Opening: EWZ June 17th Short Puts

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AMEX:EWZ   iShares Inc iShares MSCI Brazil ETF
... for a .71/contract credit.

Comments: Taking a directional shot on weakness here and in high IVR/IV (92/46). .71/contract credit on buying power effect of 2.71; 26.2% ROC as a function of buying power effect at max; 13.1% at 50% max.
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