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Brazil Puts Waxed?

Interesting resource from Adam  Warner of Daily Options Report:

In our never ending quest to keep you as option-informed as possible, we will be adding some occasional content from WhatsTrading.com. Such as

iShares Brazil Fund (EWZ) December 35 put is among the most actively traded contracts in the first hour of Thursday’s session. 30K traded so far. Most of the volume is due to one spread, where a strategist bought 15K Dec 45 puts and sold 2X more Dec 35 puts. They paid $1 even for this bearish 1X2 put ratio spread. EWZ is up 17 cents to $53.17.

…If you are interested in more info like this, check out WhatsTrading.com

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