BRAZIL: Brazil for President! (+30%)
Surrendering Does Pay Off Once In A While, Hallelujah
Alive we are, we take the gift.
We close the trade pre-election result.
Not much volatility contraction, yet thirty per cent will sweeten the Xmas show.
1. Recap Situation
We took the time and cared for Brazil; we felt alive and participated in the dance of divinity. Witnessing Lula and Bolsonaro telling the truth in a sauna club, Rio De Janeiro, made us seal the deal. We have been selling premium on Brazil ever since.
We were betting on a narrowing funnel into election month, and a narrowing funnel we got. If you are a triple long-term investor, you might consider going long from here. The cost will be giving up control and handing over money to hope and believe. We certainly will not, but we also won’t judge if you do.
Check out the original BrainDoζer below.
2. Why Now?
It is time to close the trade. Twenty-one days to contract maturity, and on Monday, we could witness a big swing in the underlying asset resulting from Sunday’s second and final election results. Implied…
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