Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Are Brazilian Stocks Poised To Rally?

iShares MSCI Brazil ETF (NYSEARCA: EWZ) Thursday closed its worst quarter since March 2020
byPriya Nigam
July 1, 2022
1 minute read
Total
0
Shares
0
0
0
0
0
0

iShares MSCI Brazil ETF (NYSE:EWZ) Thursday closed its worst quarter since March 2020

On CNBC’s “Options Action,” Michael Khouw of Optimize Advisors said that iShares MSCI Brazil ETF traded 2.7 times its average daily call volume on Thursday. Calls outpaced puts by over 2:1, he added.

Check out other emerging stocks making moves in the premarket.

There was an institutional buyer of 5,000 of the July 28 calls at 50 cents per contract on average, Khouw mentioned. The trader sees iShares MSCI Brazil ETF rising by at least 4% by July expiration, he added.

EWZ Price Action: iShares MSCI Brazil ETF declined 1.4% to settle at $27.39 on Thursday.

 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

The Top 5 Stock Market Education Accounts to Follow on Twitter

By Sean Sechler
Today, 11:45 AM
The best traders and investors recognize that using all of the resources available to them is key to achieving long-term success. When you stop to think about some of the tools, information and technology that are available to stock market enthusiasts today, it’s easy to feel grateful that we are trading in the present day versus decades ago.

TWTR