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.

News Archives
OptionsHouse

Education & Strategy

Election Sector Rotation

Sector rotation is the process where mutual funds, portfolio managers, and investors in general, shift their investments from one sector of the economy to another.

More education articles »