Trader takes a $1.4 Million Bet in EWW to the LONG Side. The investment seeks to track the investment results of a broad-based index composed of Mexican equities. I watch over 1300 trades a day and this is one of the only two trades that I have taken today. The chart looks great and I think that EWW will break to the upside and one trader thinks the stock is heading north of $66.
My Trade: Buying the EWW 5.30.2014 65 Calls for $1.55
Risk: $155 per 1 lot
Targets: $1.75, $1.95, $2.15, $2.30 and $2.75