iShares Emerging Markets Fund (EEM) is up 27 cents to $38.43 and one strategist sold Jul 33 puts on the ETF to buy July 38.5 – 39.5 call spreads, paying 8 cents, 26000X. If opening, the three-way will offer its best payout if shares move beyond and stay above $39.5 (~2.8%) over the next 37 days. At that point, the July 38.5 – 39.5 call spread is $1 and the $33 puts expire worthless.
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.