iShares MSCI EAFE Index Fund (EFA) sees noteworthy trading activity yesterday ahead of a broad advance across Eurozone equity markets today. A 1.3 percent gain in France’s CAC 40 Index is pacing the rally after the ECB left rates unchanged at 1 percent. EFA was up 34 cents to $47.27 yesterday and roughly 30 minutes before the closing bell, a buyer took a position in roughly 50,000 Jul 50 calls on the ETF for 43 cents per contract. More than 75,000 traded in the day and open interest increased by 72,991. At 76,330, the July $50 call option on EFA, which is 5.3 percent out-of-the-money and expiring in 45 days, is now the largest block of OI in the name. Investors are now scrutinizing comments from ECB President Mario Draghi. A press briefing started an hour ago.
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.