MSCI Europe, Far East, and Asia Fund (EFA) is off a nickel to $50.83 and a noteworthy trade in the ETF this morning is a buyer of Sep 45 – 50 put spreads at 98 cents, 4500X. It’s traded multiple times until volume in both contracts has increased to more than 10K. Note, similar bearish spreads surfaced in FXI November puts (see 9:52 color), reflecting heightened anxiety levels after a relatively turbulent week for global equity markets.
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.