With the market finally taking a break from a Fed induced climb and a luke warm start to Q3 earnings, we’ve added a bullish trade to the Primary Model Portfolio that we wanted to share with you.
Based on the IMF’s dismal report on global growth Tuesday, we’ve identified a long-term bullish trade on one of two countries the IMF identified as ‘seeing moderate growth in the coming years.’
Our target – Brazil.
2 huge events for this great nation
1. World Cup
The trade -
- EWZ Bullish Call Diagonal 10 contracts
- Sell Oct12 55 calls
- Buy Jan14 42 calls
- Net Buy @ 13.19 Limit