Bullish trading in the homebuilder ETF. Shares are up 11 cents to $23.54 and 5,840 Aug 24 calls on ITB traded this morning for 40 cents when the bid-ask was 35 to 40 cents. Then another 4,200 printed for 45 cents midday. 10,460 traded total against 21,099 in open interest. Today’s flow appears to be [...]
Active early trading in the SPYders. The ETF is up 60 cents to $196.31 and has retraced 27% of yesterday’s $2.25 loss. 19 million shares and 350,000 options traded in the ETF through the first 20 minutes. The flow includes 275,000 puts and a 14,000-lot of Aug 184 puts for 43 cents, which is the [...]
Put buyer in the DJ Real Estate Fund. The ETF is off 48 cents to $72.38 and a 15,000-lot of Aug 69 puts trade for 12 cents on ISE. A customer is buying-to-open, possibly to hedge a basket of REITs amid today’s uptick in market volatility.
Short-term put buying the Market Vectors Russia Fund continues for a third day. Jul 25.5 and Jul 26 puts on RSX were being opened Tuesday (see 7/15 color) and one player opened block of Jul 25.5 and 26 puts yesterday (7/16 color). Those purchases were well-timed as shares drop $1.34 to $25.28 Thursday on news [...]
Taiwan Fund puts are busy for the second time in three days. The ETF is off 11 cents to $16.08 and a 9500-lot of Aug 16s trades for 22 cents when the bid ask was 22 to 25 cents. It migth cover positions opened for 22 cents on Tuesday (see 7/15 color). 10,150 traded total [...]
iShares Taiwan Fund attracts bearish order flow. The ETF is off 8 cents to $16.35 and 22,345 Aug 16 puts on EWT traded electronically for 15 cents per contract. Earlier, a 10000-lot printed for 14 cents. More than 35,000 traded and while the volume matches open interest, today’s activity appears to be repeat buying. Those [...]
Short-term put buyer in the Market Vectors Russia ETF. Shares are off 22 cents to $26.37 and one player bought 7,500 Jul 25.5 puts on RSX for a dime and bought 7,060 Jul 26 puts for 20 cents. Both legs are opening and the flow seems to be expressing concerns about additional weakness in Russia’s [...]
Bullish trading in the dollar ETF. Shares have added 3 cents to $21.90 and a 15000-lot of Dec 22 calls no UUP were bought this morning for 12 cents per contract. 18,074 now traded against 16,858 in open interest. Looks like repeat buying from Friday when buyers were paying 11 cents.
BIG Emerging Markets trade. The ETF is flat at $44.23 and the nearly 200,000 Oct 37 – 40 put spreads on the ETF trade for 25 cents. It’s a buyer. The opening activity seems to be expressing the view that global emerging markets will see an uptick in volatility through late-summer, early-fall. VXEEM, the VIX [...]
iShares Japan Fund draws a premium seller. The ETF is up 14 cents to $12.08 and the Sep 12 straddle on EWJ is sold at 57 cents, 10000X. It appear to be a new position and maybe tied to 100K shares for $12.08. If so, the straddle write is expressing the view shares will hold [...]