Also bought 230 RIOMH, Jan 040 puts for 2.05, with another 50 contracts now on the bid. RIO is up very sharply on the 5th straight week of fund inflows into Brazil due to surpluses and prospective price rises. I would keep an eye on capacity as it will tame prices of commodities and the stocks. This is a hedge against a large gain into a very overbought situation, IMO.
stockcharts.com[h,a]dhclyyay[dd][pb50!b200!d20,2!i][vc60][iub14!ua5,17,9!ul14!lk14!lh14,3!lg!lc20!lf!lr14][J46100775,Y]&listNum=2
stockcharts.com[h,a]daclyiay[pb50!b200!c20!c30!c40!b10!f][vc22][iut!ub14!la10,30,5!lh14,3!lg!ll14!lc20][j28384166,y]& |
