OptionsHouse

Options Trading News

December 13, 2011  Tue 10:03 AM CT

IYR: SEE CHART GET CHAIN FIND STRATEGIES
The iShares U.S. Real Estate Fund has been range-bound for the last couple of weeks, and one large option trade is looking for the stock to make a move.

The IYR trades at $54.94. it is down 0.94 percent but remains in the range that has been in place since shares bounced off support just above $51 at the end of November.

Topping today's option volume in the IYR is one print in the March 50 puts, where a single block of 7,500 was apparently bought for $1.90. About a minute later 150,000 IYR shares changed hands for $55.03.

The stock trade would create an overall position that is largely delta-neutral, meaning that it could profit if IYR breaks either higher or lower. (See our Education section)
Share this article with your friends


OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

The Problem with Trading Earnings

AP Options specializes in Swing Trading. Swing trading is the art of locating short term, quick, aggressive movements in a stock normally created by the technicals but, can be sometimes created by the fundamentals. These trades, at least in this service, last a couple of days to a week in the majority of cases.

View more education articles »