$EWZ Hedge

In light of new analysis by DayByDay and EcoQuant, plan on executing a small hedge to $EWZ trade.

Sell 5 6Jul $29 puts, buy 5 17Aug $29 puts for $.63 debit. That's $322 in capital used.

The plan is to sell the $29 put every 2 weeks as long as we are in this area. Sell off the whole $EWZ position if $EWZ reaches $29