Brazilian Bounce

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The Brazilian fund has soared 15% in a matter of days, I can only assume because of the strength in oil (and, therefore, PBR). I have acquired a very large quantity of March (very short-dated for me) $32 puts.

ewz

Oh, look, SlopeCharts has indexes from all over the world now! Here’s the Bovespa:

slopechart BVSP