The iShares Europe, Asia, Far East ETF (EFA) November puts are active. Shares of the fund are down $2.18 to $41.53 and a spread trader bought the November 38/41 put spread 5,000 times early in the trading session for 85 cents. With significant open interest in both, the action is possibly closing or a roll. Or, it is possibly bearish spread on concerns about the outlook for overseas markets when they resume trading Monday. November options expire next week. EFA January 2010 puts at the 30 strike are also active after an investor bought 7,500 contracts for $3.65 (tied to shares at $42.00, 20 Delta).
Category: All ETFs
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.