Buy-Write Brazil

The run in emerging markets, is no doubt, just getting started.  While there might be a pull-back, short-term, I think it’s worth hitting some EWZ and/or some 2011 $50 strikes….while selling front months, of course.  Does anybody really hold equity, without selling front months?

I’m going to put this trade on, on Monday.

I like brazil because of their energy reserves…but a little worried about how much water they waste.  Only 2nd to China, in terms on Non-revenue water levels.

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