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.

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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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