EWY Korean H&S?

Out of all major indices, Korea is down the most tonight. I didn't realize that EWY now has weekly options, not as much liquidity as EWW or EWZ, but at least they exist.

In any case, looks like a H&S pattern..... also, note how much bigger the movement compared to SPY. I always tell people teh return is better with foreign index ETFs.

Commentaire:

This is now permanently on my radar, if you expect the market to drop this is an easy play.

I should have gone with EWY puts instead of MCHI, would have netted a lot more.

Trade fermée manuellement:

I actually bought calls yesterday because I figured we'd get a worldwide rally last night, and sure enough we did. Hate the spread on otions, but made money regardless.

Flipped them this morning.