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Brazil's soccer team isn't the only winner in the country this month. Its pro-business President is also nearing his first big victory, and the stock market's loving it. The iShares MSCI Brazil ETF (EWZ) has risen 7 percent so far this month. That makes it the top...
Someone's looking for a Carnival rally in Brazil's top bank, with the help of an unusual options strategy. Shortly after lunch on Friday, a trader sold 10,180 June 17 puts in Itau Unibanco (ITUB) for $3.58. At the same second, he or she bought exactly the same number...
Brazil is en fuego, as Market Insights highlighted yesterday. But this session options traders are fading the rally in a key name. Itau Unibanco (ITUB), the country's biggest lender, is up 7.49 percent to $12.34 in afternoon trading. The gains come amid optimism that...
Move over China, here comes Brazil. Global stocks have outperformed domestics since last spring, mostly led by Chinese equities. But in the last week or so there's been a sudden gush into a region that many traders may have forgotten: Latin America. The region's...