iShares Germany ETF (EWG) is up 52 cents to $18.84 after Germany’s DAX rose 2.25 percent Tuesday. Options volume is running at 5 times the average daily levels, with July 13 puts topping the most actives. 2,150 have traded. It looks like new long put positions are being opened as the day’s top trades hit on the offer for 65 cents and existing open interest is only 452 contracts.