Tag: September 18

Bullish option positions opened in the middle of September in the iShares MSCI Brazil Fund (EWZ - Get Report) have tripled as investors take on a bullish outlook for the future of the Brazilian economy. On September 18, Investitute's tracking systems showed that 25,000 November $37 calls were purchased for $1.29 to $1.30 as part of a bullish spread, with shares at $32.31. The trade was below open interest as of the market's open that day, however previous trading volumes accounted for by Investitute's market scanners proved this to be a new position. Sponsored by Investitute: Options Basics for the Stock Investor The best investors have great coaches. Learn the professional options strategies used by stock investors in our free online course. Those November $37 calls traded up to $4.20 Monday, better than three times their initial purchase price. They carry less risk than owning shares because the most that can be lost is the price of the options no matter how far the stock might fall. The iShares MSCI Brazil Fund was up 6.74% to close at $39.13 on Monday, October 8. The exchange-traded fund, which tracks an index of Brazilian equities, gapped higher as conservative candidate Jair Bolsonaro collected 46% of the presidential vote on Sunday. He will run against the more liberal opposition candidate, Fernando Haddad, in a runoff vote held on October 28.