Market News

August 30, 2013  Fri 11:38 AM CT

The iShares EAFE Fund pushes lower again but a put seller thinks they're near a bottom.

optionMONSTER's systems show that a single block of 20,000 of the October 54 puts was sold for their bid price of $0.36. The volume was more than 10 times the previous open interest, so this was a new opening position.

The put sellers collect that credit as compensation for taking on the risk of buying shares if they are below $54. See our Education Section for more on the strategy.

EFA, which covers Europe, the Far East, and Australia, fell 0.98 percent to $59.33 in morning trading. It's currently at its lowest level since July 10, down from a peak above $62 two weeks ago.

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