Bold trade in the Emerging Markets Fund (EEM), as an investor bought 35,000 Aug 38 puts on the ETF for $1.08 per contract. Shares are down 70 cents to $38.79 and volume in the Aug 38 puts is approaching 40,000 against 28,017 in open interest. Implied volatility in the options on the emerging markets fund, as measured by the VXEEM Index, is up 1.39 to 27.66.
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.