Replies to post #76 on Market Vectors Russia ETF Trust Shares fka RSX

[maksim]

What is your reasoning behind it?

What price? what strike? date?

I am quite the opposite and would be buying shares, or writing those puts.

Right now, Russia is one of the best values on stocks. What you see on the tv is just the media playing on people's greeds.

You have to be selective, for instance... do you think that anything that may happen will stop people from flying russian airlines?

Paying for cell phones?
Going on Yandex?
Stopping all use of the internet?

In reality, you have a bigger issue with the US and European stock markets, due to very high valuations.

Yes, Russia may experience a technical recession, but the stock market is way ahead of it... already extremely cheap on a valuations level. The Micex exchange, that is the russian stock market is trading at a PE of 4.46.

http://www.bloomberg.com/quote/ROSN:RM

Think about that.

[maksim]

Yikes... not paying off so far...

I would seriously consider your position especially since the chart is pointing to the up side right now.