C.O.B.R.A. Sell Alert: Take Gains On EWG and FXI Puts
With German stocks being impacted by higher energy prices, our EWG puts have risen to a nice exit point. So, let’s take gains today before its expiration this Friday. Also, FXI has sold off sharply due to the Russia-Ukraine conflict. It’s oversold, so we will watch for another potential trade. For now, let’s take quick profits on this position after only holding for a few days.