iShares Germany Fund (EWG) is up 52 cents to $18.27 and a 4,400-contract block of Oct 21 calls on the ETF at 35 cents per contract is an opening buyer, according to ISEE data. 9,090 traded against 1,682 in open interest. Oct 21 calls on the Germany fund are 14.9 percent OTM with a delta of .19 and 25 days of life remaining. Shares are up 6.5 percent from an intra-day low of $17.15 set Friday and down 31.8 percent over the past two months. EWG fetched $26.77 per share on 7/26.