Market Vectors Russia (RSX) $39.45 -1.13%
Looks like both bulls and bears taking positions in the Market Vectors Russia Fund (RSX), which is down 53 cents to $39.37. In one trade, an investor apparently bought 5,000 August 40 calls at $3.20 and sold 10,000 August 45 calls, creating a 1X2 for an 80-cent net debit on PHLX. A second trade is on the put side of the options chain, after the August 35 – 37 (3X1) ratio backspread traded 5000X on AMEX. The strategist paid $3.35 to sell the higher strike and buy 3X as many (15000) of the lower strike.
Category: All ETFs
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About the Author (Author Profile)
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.
