Another big print in the China ETF looks similar to one from yesterday. A 47000-lot of Dec 42.5 calls on FXI was sold-to-open Wednesday (see 9/17 color). Shares are down 12 cents to $40.22 today and 47,600 Dec 42 calls on the ETF are sold at 78 cents, to open. The interest in upside Dec [...]
Oct 42 puts on the Emerging Markets Fund are today’s most actives. An investor sold 130,000 contracts at 28 cents each. With shares up 18 cents to $43.91, it appears to cover a 130000-lot bought for 54 cents in July (see 7/22 color). If so, the liquidating activity is reflecting diminishing concerns about a decline [...]
Early trades in the Emerging Markets ETF, as an investor sells the Dec 42 – 48 (1X2) call ratio spread at $2.35, 10000X (bought 20,000 of the Dec 48s). It might close or possibly roll a position up in strikes.
Big print in the China Fund as an investor sold a 46000-lot of Dec 42.5 calls on FXI at 73 cents per contract, to open. The block prints 20 minutes before the FOMC announcement and seems to be expressing the view that FXI will see limited upside through mid-December.
The largest blocks of options traded today are in the iShares Emerging Markets Fund. EEM is up 71 cents to $44.28 and, with shares at $43.70 this morning, the Sep 43 – 44 put spread on the ETF is sold at 46 cents, 67000X. Not to be confused with the Oct 42 – 43 put [...]
Big put seller in Wisdom Tree India ETF. With shares down 24 cents to $22.56, 20,000 Sep 23s on EPI were sold at 63 cents and then 10,000 more at 45 cents. The flow probably closes positions opened earlier this month, including a 10000-lot for 30 cents on 9/4 and 10,000 for 29 cents on [...]
Noteworthy trading in deep out-of-the-money puts on the SPDR 500 Trust (SPY) Monday. The ETF is off just a nickel to $199.08 and one player bought 30,000 Dec 155 puts on the SPYders for 36 cents and then 10,000 more for 36.5 cents. Volume at that strike, which is 22.1% out-of-the-money, is 62,938 against 63,654 [...]
Bearish bet on the biotech ETF. With XBI down $4 to $156.5, an investor is apparently selling 2,000 Dec 170 calls to buy 2,000 Dec 130 – 150 put spreads. If so, $1.50 is being paid and the three-way opens the largest blocks of open interest in options on the ETF.
SPDR Energy Fund fell to three-month lows this morning, but is now up 28 cents to $93.84. On the options front, an Oct 91 – 93 put spread on the ETF is sold at 75 cents, 28000X. It probably rolls a block of puts down in strikes after the recent decline in shares. Similar activity [...]
Weekly (9/26) 22.5 puts on the Russia ETF are the most active options so far today. An investor has been selling the puts this morning at 10 cents per contract across multiple exchanges, according to a source on the exchange floor. ISEE data is also consistent with opening customer selling. More than 63,000 traded at [...]