Trade Alert: Take Profits on Your EWY Put-Write Position
I’m pleased to report that, after taking profits on our put-write trade on the SPDR Technology Sector ETF (XLK) last Tuesday, we’re now also able to make a profitable exit from the put-write trade I recommended on the iShares MSCI South Korea ETF (EWY). When we entered this trade on March 4th, I told you we were targeting a return of 20% annualized and that it could take up to 44 calendar days to achieve that. However, we’ve hit that mark much earlier than I expected, allowing us to capture roughly that same return in just 12 days!
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