How To Play The Blowout In Spanish CDS Spreads

Each and everyday CDS spreads continue to blow out and regular investors and traders need to know how to profit from this, since most of us aren't institutional traders and can't trade credit default swaps. If the spreads continue to blow out in Spain, shorting the iShares MSCI Spain Index ETF

is one of the better ways for traders to profit off the demise of the country. As morbid as that sounds, there is nothing wrong with making some money off a country that doesn't know how to handle its finances. Traders can also look at shorting Santander

, Spain's largest bank as a way to profit off this. I believe that relatively soon, that Spain will need a bailout from the European Union, and traders need to position themselves ahead of this inevitably. The investment seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the Spanish markets, as measured by the MSCI Spain index. Disclosure: no positions in securities mentioned.