Top options trade so far today is a block of deep out-of-the-money puts on the SPDR 500 Trust. The ETF is off 57 cents to $199.64 in the wake of disappointing jobs numbers. A 22600-lot of Feb 160 puts on SPY trades for 96 cents. It appears to be a buyer and maybe adding to [...]
Noteworthy three-way spread in the Market Vectors Russia Fund. With shares down another 49 cents to $23.85, an investor sells 10,000 Nov 26 – 28 call spreads and buys 11,750 Nov 21 puts, paying 22 cents (as if one-to-one). The opening position seems to be expressing the view that shares would trade down to $21 [...]
Brazil ETF attracts a bullish trade. Shares are up 33 cents to $53.09, and the Jan 55 – 60 (1X2) call ratio spread on the ETF trades for $1.445, 8000X. The investor apparently bought 8,000 55s and sold 16,000 60s. If opening, the spread is targeting a move to $60 by mid-Jan 2015 and a [...]
Active trading in SPY puts as shares cling to $200. A 20000-lot of Nov 193 puts on the ETF was bought-to-open for $2.68 per contract on ISE. Meanwhile, 5,000-lots of Oct and Nov 190 puts on SPY have been trading multiple times on CBOE. Looks like 32 cents is being paid for the Sep 190s [...]
10,280 Sep 24 puts on the Market Vectors Russia Fund are bought for 57.5 cents per contract on ISE. Shares are off 78 cents to $24.34 and the new position is a customer buyer, according to ISEE data.
The biggest trades so far this week are in the SPYders. With shares down 31 cents to $119.94, the investor is buying the Sep 190 – 193 – 196 put fly on the ETF for 22 cents, 100000X. The hefty new position is probably being opened today against a portfolio as a type of hedging [...]
Higher put volume in the Vaguard FTSE Europe ETF. Shares are down .7% to $57.75 after a three-week 4% advance. On the options front, it looks like an investor paid an average of 57.5 cents for 7,750 Sep 57 puts on VGK, to open. 9,186 contracts traded at that strike. The new position is possibly [...]
iShares Taiwan Fund Sep 16 puts draw interest for a second time this week. Buyers were paying 14 cents to open positions Monday (see 8/25 color). The flow created 20K in new open interest. Another 10,000-lot was bought for 10 cents per contract Thursday morning.
Big blocks of SPY puts trade early Wednesday. With shares off 9 cents to $200.24, an investor sells 85,750 Oct 192 puts on the ETF at $1.27, buys 42,700 Oct 187 puts for 73 cents, and buys 17,000 Oct 198 puts for $2.65. It’s possibly closing or a position adjustment, as shares test the $200 [...]
Brazil Fund draws a bullish three-way spread. With shares up 65 cents to $51.78 and moving to fresh 52-week highs, the investor sells Oct 48 puts on the ETF to buy Oct 53 – 56 call spreads, paying 16 cents, 20000X, and opening a new position. The action is similar to a spread that printed [...]