Sell Alert: Take A 110% Gain on Turkey iShares Put Spread

The humanitarian crisis is getting worse in Turkey. If capital controls are implemented, the NYSE may temporarily suspend trading in the TUR ETF. In that case, our TUR put spread would still have value at settlement in February. But trading in options on TUR would be less liquid. Let’s take a nice gain in this position after holding for less than four weeks.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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