Brazil Getting Waxed Following Election Results


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


The iShares MSCI Brazil Index ETF (NYSE: EWZ) and other Brazilian stocks are down sharply in pre-market trading following news that President Dilma Rousseff won a second term on Sunday over conservative Aécio Neves.

Investors are likely worried that her re-election will only serve to deepen the economic downturn for Brazil, which has been hit hard by falling commodity prices and slowing growth. The Brazilian Real weakened by nearly 2.7 percent after the results were announced.

Shares in EWZ were down 9 percent in pre-market trade at $37.70.

Petroleo Brasileiro Petrobras SA (NYSE: PBR), a large Brazilian oil company, was down 16.1 percent at $10.93.


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: NewsEventsGlobalMarketsbrazilDilma Rousseff