Trend turns against emerging markets–but it’s too late for my Puts: Selling my Put Options on EWZ,EWW and buying short emerging markets ETF

Trend turns against emerging markets–but it’s too late for my Puts: Selling my Put Options on EWZ,EWW and buying short emerging markets ETF

I think the trend has finally turned against emerging market stocks. All it took was the threat of a debt default by Russia. That shift is too late for the Brazil and Mexico Put Options I bought on January 24, which expire on Mach 18. But with a Russian debt default looming I’m replacing those Puts with an ETF that shorts the major emerging markets index.