The iShares MSCI ETF (EFA) or European, Australasian and Far Eastern ETF is the next position on the list. With the US economy looking weak into next year, perhaps allocating some capital overseas is prudent for diversification. EFA has a gap lower at $40.35 and support $38.09. The trade is to sell the January 40 Puts with a $0.85 target. The risk management is at $41.72 from the 12/12 low.