Pair Trade Strategy with Options Spreads - FLRY3 and ECOR3Date: July 23, 2025 (based on closing data from 07/22 and intraday data from 07/23/2025)
Operation Horizon: Short-Term (ideally, to be closed before ECOR3's earnings report on 07/30/2025).
1. General Financial Market Overview:
To begin, it's crucial to understand the broader market environment i
TSMCThe Taiwan Semiconductor Manufacturing Company Limited (TSMC) is the world’s largest and most advanced semiconductor foundry, headquartered in Hsinchu Science Park, Taiwan. Founded in 1987 by Morris Chang, TSMC pioneered the pure-play foundry model, focusing exclusively on manufacturing chips design
Potential Trend Reversal Identified: Detailed Technical Analysis1. The price was in a well-defined downtrend, as shown by the descending trendline (upper blue line) and a series of lower highs and lower lows. This remained valid until the recent movement that broke this structure.
2. A higher low has formed, suggesting a weakening of the downtrend. The price ha
GUAR3 Breaks Cup and Handle Resistance with VolumeGUAR3 recently broke out of a classic cup and handle pattern, surpassing the resistance at R$8.42 with strong volume confirmation. The breakout signals renewed buying interest and a continuation of the short-term bullish trend. After reaching the 61.8% Fibonacci projection at R$8.99, the price is un
SLC Brazilian Agricultural Producer and Farmland Investor ThesisExecutive Summary
We are overweighting SLC Agrícola (SLCE3.BZ) over U.S. agribusiness stocks (BG, ADM, MOS, CTVA, FPI) in the current macro environment. The key drivers are:
Geopolitical arbitrage (Trump-Russia détente benefits Brazilian exporters more than U.S. firms).
FX tailwinds (weaker USD
Tenth day of decline - CMIG4 heading towards the TargetCMIG4 (R$ 10,06) walking to Target.
---> Mar 24 (CMIG4 = R$ 10,80)
CEMIG shares are showing a considerable decline in the coming months . Unofficial studies indicate a Submarket exposure of around 700 average MW, with a Long position in the Northeast submarket and a Short position in the Southeast
Who knows ?SUZB3 is in an uptrend channel on the monthly chart, specifically at the lower edge of this channel, in a region that would indicate a buy, however, at this position on the 2-hour chart it presents a head and shoulders pattern at the end of a downtrend line. Meanwhile, the RSI shows divergence indic
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Jul 28
USIM3USIMINAS ON N1
Actual
—
Estimate
0.14
BRL
Jul 28
VIVT3TELEF BRASILON
Actual
—
Estimate
0.43
BRL
Jul 29
INTB3INTELBRAS ON NM
Actual
—
Estimate
0.40
BRL
Jul 29
MOTV3MOTIVA SA ON NM
Actual
—
Estimate
0.19
BRL
Jul 30
BBDC3BRADESCO ON N1
Actual
—
Estimate
0.56
BRL
Jul 30
SANB3SANTANDER BRON EJ
Actual
—
Estimate
0.50
BRL
Jul 30
ISAE3ISA ENERGIA ON N1
Actual
—
Estimate
0.41
BRL
Jul 30
PFRM3PROFARMA ON NM
Actual
—
Estimate
—
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