U.S. stocks are weak today, but we have a new buy alert that has triggered in the iShares MSCI Brazil ETF, looking for shares to continue to slide lower. 

We don’t usually trade ETF, but this action is intense to pass up.

Here's what we're doing...

Buy-to-open the iShares MSCI Brazil ETF (NYSE: EWZ) March 12, 2021, $30.50 put (EWZ210312P00030500) up to $1.10 per contract or better, for the day.

Our monitor triggered this new buy alert after detecting a 300% increase in puts traded looking for a sharp drop in share prices.

Now, we’re going to manage our risk by setting our profit target at $1.38 and our stop-out price at $0.44 per contract.

Now, let’s manage our risk before entry and I’ll be keeping you updated every step of the way.

To your wealth, freedom, and options!

Joshua M. Belanger