Learn the trade here. Make it on tradeMONSTER

Options Trading News

February 5, 2013  Tue 11:09 AM CT

IYR: SEE CHART GET CHAIN FIND STRATEGIES
A large put spread dominates today's option activity in the iShares U.S. Real Estate Fund as it trades just off its highs.

optionMONSTER systems show that a trader bought 4,000 September 64 puts for $2.20 and sold 4,000 September 54 puts for $0.56. Open interest was 16 and 0 respectively, so this is a new vertical spread. (See our Education section)

This position cost the trader $1.64, which is the maximum potential loss if shares are above $64 at expiration in mid-September. The maximum gain of $8.36 would be realized if the exchange-traded fund is below $54 at that time.

The IYR is flat on the session at $67.58 in early afternoon trading. The stock was down at support at $61 in mid-November and climbed to $68.31 last week, its highest price since June 2008.
Share this article with your friends


Related Stories

IYR

Heavy put buying in real-estate ETF

September 11, 2014

A large put trade is targeting the iShares U.S. Real Estate Fund, which hit a 52-week high on Monday but has pulled back to its 50-day moving average.

Premium Services

Free Webinars

Swing Trading w/ Jon Najarian and Ron Ianieri

Education & Strategy

Make your rules, and stick by them!

New traders often act on the recommendations of others or on gut feel. But that is a quick way to...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER