ABEV $2.50 Put

Feb 21, 2020

ABEV strong trend down, puts anywhere from 3-8/contract with varying dates.
Went with 2.50 7/17 exp on strong belief it will reach this low, much, much sooner.

DMI in very strong negative trend.
Earnings statement this week doesn't project well on the fundamental side.

Mar 24, 2020

Trade closed: target reached

ABEV plummeted, as did the rest of the market.
This option has been sold for .55, or a %1000 percent return.

On to funding the recovery!