Dow Jones Real Estate ETF draws a big put spread. Shares are down 16 cents to $70.76 and the Jun 69 – 70 ps on IYR is bought for 14 cents, 23500X. It might be a closer since the options expire at the end of the week and the two contracts are among the largest [...]
Bearish spread in the Brazil ETF. Shares are down 27 cents to $49.37 and a Dec 40 – 45 put spread on the fund trades for $1.47, 20000X. A buyer is apparently opening a new position, which would offer a max payout if shares fall more than 19% through mid-December.
S&P Homebuilders ETF put buyer grows massive downside position. Customer paid 45cents for 70K Dec 26 puts on the PHLX, outright, as shares traded near $31.80. Appears to add to the 160K contracts bought on Wednesday near 43cents when shares were near 32.24. If opening, the position totals 230K contracts, representing over $730M notional value [...]
Bullish Dollar Fund attracts opening activity. The stock is off 6 cents to $21.53 and a 15000-lot of Jun 21 calls on the ETF is bought for 59 cents per contract. The new position seems to be expressing the view that the dollar is poised to move higher over the next week.
Bearish trading cointinues in the builders ETF. An impressive 165,187 contracts of XHB Dec 26 puts were opened yesterday to create the largest block of open interest in the name. Shares are off 14 cents to $31.98 today and a 25000-lot of Dec 29 puts trades on the ETF for $1.02 per contract. Like yesterday, [...]
Increased activity in the Silver ETF. SLV is up 26 cents to $18.72 in brisk trading of 4.3 million shares and has added 3.6% month-to-date. Like the Gold Fund (GLD) highlighted earlier, options action is picking up in the silver ETF as well. Roughly 54,000 calls and 7,900 puts. Jun 18.5 calls on SLV have [...]
223,000 puts traded on the SPDR Energy ETF. Shares are up 33 cents to $97.50 after hitting new highs of $98.14 earlier in the sesion. XLE has now rallied 17% since January. The top options trade on XLE is a July 90 – 95 put spread, bought for 65 cents. It appears to roll a [...]
Active trading in the gold ETF. Shares are up $1.09 to $122.50 on increasing volume of 2.9 million shares and have now moved up 1.75% month-to-date after a dismal performance from Mar through May. On the options front, 44,000 calls and 15,000 puts traded in GLD. 10,226 Aug 129 calls have changed hands. Weekly (6/13) [...]
Active trading in the US Oil Fund. Crude is up $1.57 to $105.97 on mounting unrest in Iraq and USO, which tracks the commodity with futures contracts, is up 56 cents to $38.81 on increasing volume of 2.25 million shares. 34,000 calls and 13,000 puts traded on the ETF. Jan 39 calls have traded 7,686 [...]
iShares Transport Fund sees increased options action. The ETF is down $2.17 to $143.95 on a second day of weakness in the airliners after Lufthansa issued an earnings warning Wednesday. 12,000 July 37 puts on IYT were recently swept on CBOE for an average of 82.6 cents per contract. Looks like an opening buyer.