iShares Hong Kong Fund (EWH) adds 2 cents to $17.21 and Sep 17 puts on the ETF are busy for a second day. Friday, more than 10,000 traded for 30 and 35 cents. Open interest in the contract increased by 8,056 to 16,442 and is now the second largest OI in the fund. The top trade today in the ETF today is a 2400-lot of Sep 17 puts for 30 cents when the market was 25 to 30 cents. 5,025 traded. 30-day ATM implied volatility in EWH i smoving up 13 percent to 15.5 despite little overall movement in the underlying. Bearish trading is possibly to hedge Wednesday’s Chinese manufcturing data (PMI Flash). EWH has been volatile around the report lately, including a 4.8 percent skid in shares two months ago (also see FXI 6/21 color).
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.