Market Vecors Russia Fund (RSX) loses 11 cents to $31.88 and 11,040 Mar 28 puts trade on the ETF against 611 in open interest. The top trade is 5846 contracts for 35 cents when the market was 30 to 35 cents. Another 4950-lot traded for 35 cents when the bid-ask was 25 to 35 cents. The apparent buying of 28 puts on the fund, which are 12.1 percent OTM, might have been initiated to hedge short-term tail risk. The delta is -.14 and the contract expires in 37 days.
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.