EWY Korean Tank

I expect Asian markets to tank tonight, especially Korea, they really commit to tanking.

Some weekly EWY puts...

Yorum:

Gapped down on open, and usually the Koreans are committed to a direction, but it does not appear to be the case today. Appears to be melting up along with the rest of Asia.

Oh well, I guess we'll find out where this opens tomorrow. Was really hoping for a nice 3% KOSPI drop today.

Yorum:

Crap, shouldn't have held puts overnight, I know better.

Lost my profits from yesterday (same with EWJ), decided to flip the puts while I'm even.

İşlem elle kapatılmış:

See above.

Also, this was trading below NAV, I should have realized that.....

Sometimes ETFs do squirrelly things like trade below value because the market expected Korea to tank more than it did. So despite Korea closing below Monday's level, this thing is above where it clsoed Monday. Sucks....

Yorum:

Wow