How to trade Brazil on the Monday open:
Short $NU and $EWZS (Brazil small caps)
Long $VALE (they earn in US Dollars so the 10% and service in Reals so the drop in the Real doesn’t impact them directly, it helps them)
Vols will be thru the roof so selling call spreads on any bounce is a better trade than buying puts outright.
Not financial advice.
Never take financial advice from anyone, anywhere at any time.
Short $NU and $EWZS (Brazil small caps)
Long $VALE (they earn in US Dollars so the 10% and service in Reals so the drop in the Real doesn’t impact them directly, it helps them)
Vols will be thru the roof so selling call spreads on any bounce is a better trade than buying puts outright.
Not financial advice.
Never take financial advice from anyone, anywhere at any time.