Financial ETF put trade suggests bold view on near-term stability. Customer sold 37K July 23.5 puts for a dime today, opening a large position struck 5% below spot that expries in 18 days. Premium totals $370K, in exchange for what many consider a pretty hairy reward to risk ratio given current global debt headlines.
Jul 25 calls on the PowerShares Bullish Dollar Fund see interest for a second day. A 25K lot was opened Friday for 24c when the market was 23 to 24c. Shares are down 8c to $24.92 today after hitting a morning high of $25.06 and a 21.7K lot traded for 23c on MIAX when the [...]
Sizable put seller in the SPDR Utility Fund. Shares are up 25c to $42.04 and 38.6K Sep 42 puts on the ETF are sold at $1.36 per contract. The premium sale appears to be closing a position opened on 5/5 for $1.43, which was rolling out of a block of 40K Jun 44 puts. Shares [...]
Notable block of calls opened in the Wisdom Tree Europe Hedged Equity Fund. Shares are off $1.61 to $63.05 and 8000 Feb 65 calls on the ETF trade for $3.05 when the bid-ask was 2.50 to 3.10. The new position seems to be expressing confidence that European equity markets will rebound through early-2016. The fund, [...]
Market Vectors Semiconductor ETF sees 4.5X average daily options volume. The ETF is off $1.64 to $55.95 in active trading of 8.8M shares amid weakness in the sector after memory chip-maker Micron (MU) dropped 18% on earnings. 34K puts and 4.5K calls traded on the semiconductor fund, being led by opening activity in the Aug [...]
DB Harvest CSI 300 China ETF options volume is nearly 4X daily average, driven by a hefty spread in the July term. Shares are off $4.27 to $43.54 and are in the midst of a rough two-week decline. The fund is down nearly 9% today and more than 20% since 6/12. On the options front, [...]
Call options are brewing in the iPath Coffee ETN. Shares, which are designed to track the price of the commodity with futures contracts, are off 9c to $22.63. More than 2K Jul 20 calls traded in the name. Small lots of Sep 20, Jul 21, Sep 21 calls also traded in the Coffee ETN today. [...]
Opening action in US Oil Fund puts. The ETF is off 16c to $20.05 and recent trades include a sweep of 1016 Aug 19 puts for 56c when the bid-ask was 53 to 56c. More than 14K now traded at that line, as some investors appear to be positioning for a decline in oil prices [...]
Another 96K of the aforementioned Jul 41.5 calls on the Emerging Markets Fund are bought and crossed. Buyer paid 26c. Makes nearly 200K on the day.
Opening activity in call options on the Wisdom Tree Europe ETF. Shares are off 72c to $64.18 and 3.8K Feb 68 calls on the exchange-traded fund printed for $2.20 on PHLX when the bid-ask was 2 to 2.3. Meanwhile, Jun 26 Weekly 55 calls are the most actives in the product, with 4,358 traded against [...]