RagingBull Exclusive!

Jeff Bishop and Jason Bond’s #1 Investment Opportunity Now!

Money is drastically shifting into the angel investing market.

Claim your seat in our Boardroom and learn how it can outpace any other investment opportunity!

Davis Martin trades iShares Brazil (EWZ)

RagingBullRagingBull ·

Davis Martin purchased options on the iShares MSCI Brazil Capped ETF, straight off of the 100-day moving average on Monday, calling the chart a gap-down reversal pattern that he thinks could net him big profits in the next few days or weeks. Martin purchased six January 19 $40 call options while EWZ shares were trading at roughly $39.50 and thinks the ETF could hit roughly $43. His Raging Bull colleague, Petra Hess of PetraPicks.com, made EWZ one of three single-country ETFs she was looking at for possible trades earlier this week, based on a “rounded-bottom pattern,” which Martin said is effectively a “gap-down reversal” by a different name.

Martin said that he is not buying more contracts on a move lower and that he’d stop out of the trade if EWZ were to fall back to the 100-day moving average line; he said that a good entry point on the EWZ options would be in the range of $1.57 and $1.70, which equates to the mid-$39 range on EWZ shares.

Listen to Petra Hess’s call on EWZ and two other single-country ETFs

#-#-#

Davis Martin is the head trader at DailyProfitMachine.com. He trades SPY calls and puts and swing trades mid-large cap stocks and stock options. At the time this interview was recorded on Nov. 8, he held six Jan. 19 $40 options contracts on the EWZ and was planning to trade them in accordance with this discussion. he Raging Bull podcast features experts from the site talking with Raging Bull editor Chuck Jaffe on his show, “Money Life with Chuck Jaffe.” You can learn more about Chuck’s daily hour of market and personal-finance chat at MoneyLifeShow.com; you can subscribe to the Raging Bull podcast via iTunes and other podcast providers.

Trending Now

Bull or Bear Market….It Doesn’t Matter

Kyle Dennis’ new, 5 min strategy is poised to double account sizes weekly! “I got out of GE trade at 379% $0.16-$0.77, thanks Kyle!” Said client Lance P. Check out the free training that started it all. (View Free Training)

SuperNova Service Leading Clients to 5-Figure Profits Consistently

“BOOM!!! Booked another $13,985 in profits on my long position $VMNGF. Great report came out premarket. Thanks Jeff at SuperNova for teaching me to make $$$ in the market.” Said Todd V. Jeff Williams is helping transform small accounts daily. Don’t miss his free walkthrough. (Watch Now)

Jeff Bishop, RagingBull.com Co-Founder, “Trading My Strategy Takes A Few Minutes a Day!” 

“Jeff, I have to say I was a little gun shy, but I bought the lifetime service (to Bullseye Trades) Friday night. First trade with your service…in LULU, 205 Calls at $4.70. (I) was going to be away from all internet connections for the next 3 days. It hit my sell price at $6.25 ;)” said James W.    (Read More)

Be a Better Stock Trader, Starting Today

Get the expert insights, tips and strategies you need to optimize your trading skills and profiles
START NOW