Market Vectors Russia Fund draws call buying. The ETF is up 46 cents to $23.90 and, just after the opening bell, 5,000 RSX Jan 25s traded for 85 cents across multiple exchanges. Later, another 7,000 traded for 90 cents. Volume at that strike now 14,581 against 16,459 in open interest and data from ISE is [...]
GLD Weekly (9/26) – Sep QTRLY 115 put spread is bought for 13 cents, 15275X. With shares down 51 cents to $117.09, the spread appears to roll a block of long puts out to the Sep Quarterlys from the 9/26 Weeklys, for an additional four days of downside exposure.
Massive spread trade drives heavy put volume in energy ETF. 106K puts hit the tape at 10:30 as a trader sold the Oct 91 – Nov 84 put spread at 1.02 28,000x and also sold the Nov 84-92 put spread at 2.40 25,000x. Appears to roll to smaller long put positions opened earlier this month [...]
SPY Nov 160 puts are today’s most actives with more than 126,000 contracts changing hands. The ETF is off 71 cents to $198.44 and buyers are apparently paying 20, 21 and 22 cents, for puts that are more than $38 or nearly 20% out-of-the-money. Open interest is 18,320 and therefore today’s activity is opening. The [...]
Active trading in the Emerging Markets ETF. EEM is down 24 cents to $42.56 on increasing volume of 51.7 million shares. 140,000 calls and 206,000 puts traded in the product so far. One player bought a 50000-lot of Nov 41 puts for 61 cents per contract. It opens. 48700 Oct 42 puts also traded in [...]
iShares Small Cap Fund drops another 48 cents to $111.89 and Sep Quarterly 113 calls on the ETF are drawing interest. 66,375 contracts have changed hands at a VWAP of 60.6 cents. The top trade printed this morning when a 2390-lot traded for 61 cents and the bid-ask was 56 to 62 cents. It appears [...]
SPDR Energy Fund draws increased put activity. The ETF is off $1.69 to $92.10 and an investor sells 13,000 Oct 95 puts on XLE at $3.10 to buy 27,800 Jan 89 puts for $2.30. The Jan 89s open and the Oct 95s are probably closing. That is, the ratio spread is rolling a block of [...]
The largest options trades so far today are in the small cap index, which is down 1.3% to $112.50 and has now dropped 2.5% year-to-date. A Dec 98 – 109 put spread on IWM trades for $2.12, 30983X on PHLX. Looks like a buyer and probably a type of hedging strategy against a portfolio for [...]
Put ratio spread in the Retail ETF. XRT is off $1.25 to $87.29 and the Oct 82.5 – 87.5 2X1 is bought for 90 cents, 10000X. The new position seems to be targeting a move to $82.5 through the Oct expiration, or 5.5% in 25 days.
Interest in the gold miner ETF continues. Shares are off 40 cents to $22.26 and setting new multi-month lows. A sweep of 8,130 Dec 25 calls on GDX prints for 47 cents when the market was 44 to 47 cents. More than 20,000 were opened at that strike Friday (see 9/19 color) and today appears [...]