I have been very happy with my short position against Brazil (by way of Sept. 30 2024 $30 puts). I decided to look a bit deeper into the components of this ETF, and the two big boys are VALE:
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Wh-UPS
From our “Try Not to Overthink Things” department, I offer you the following.
Yesterday, based upon the enormous and well-formed topping pattern in UPS, I decided to buy October $150 puts. I then noticed yesterday that UPS reported earnings this morning (if you need some help with the relationship between yesterday and today, I direct you to Ms. Harris), and that made me a little nervous, so I trimmed back my position a bit out of nothing but cowardice.
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