EWZ options open interest hits 5.2M, highest since 2007, on Brazil election rally bets

Open interest in EWZ options reached 5.2 million contracts, the highest since 2007, as investors position for a post-election rally in Brazilian equities. The surge is driven by recent polls showing an intensifying presidential race, suggesting market optimism about a potential outcome favorable to reforms. The record positioning indicates elevated speculative interest and potential for volatility around the election outcome.