Learn the trade here. Make it on tradeMONSTER

Options Trading News

November 16, 2012  Fri 11:04 AM CT

EEM: SEE CHART GET CHAIN FIND STRATEGIES
The biggest option action of the day so far is a single trade in the iShares Emerging Markets Fund.

A trader sold a block of 99,999 November 40.50 puts for the bid price of $0.42 against open interest of more than 137,000 contracts, according to optionMONSTER's Depth Charge system. Seconds later he or she bought 99,999 Weekly 40 puts for the ask price of $0.62.

Those weekly puts are new contracts introduced in the EEM and nine other underlying assets this week, which now have a full month of consecutive weekly options to trade. The EEM is now fourth on today's top-volume list, now with 373,000 options traded.

This is clearly a roll as the regular monthly November options expire today. The trader wants to continue having downside exposure, which may well be a hedge against a long position. (See our Education section)
 
The EEM off a penny at $40.28 in early afternoon trading. While the exchange-traded fund has followed the U.S. markets lower, it is just back to where it was at the beginning of September. The EEM was up at resistance at $42 two weeks ago.
Share this article with your friends


Related Stories

EEM

Midday index, ETF option volumes

April 23, 2014

Total option volume is running well below average at just 4.3 million contracts so far, with most of the action in the big indexes and ETFs, optionMONSTER data systems show.

EEM

Midday index, ETF option volumes

April 22, 2014

Total option volume is running a bit below average at 5.1 million contracts so far today, led by the usual indexes and ETFs, according to optionMONSTER data systems.

EEM

Midday index, ETF option volumes

April 17, 2014

Total option volume is strong at more than 8 million contracts so far today, with some bullish sentiment showing in the big indexes and ETFs, according to optionMONSTER data systems.

EEM

Midday index, ETF option volumes

April 16, 2014

Total option volume is running slightly above average at 6.3 million contracts so far today, led by the usual indexes and ETFs, according to optionMONSTER data systems.

EEM

Midday index, ETF option volumes

April 15, 2014

Total option volume is slightly above average at 7 million contracts so far, led by the usual indexes and ETFs, optionMONSTER data systems show.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Options and high-frequency trading

There has been much talk lately of high-frequency trading (HFT) and what it does--or doesn't--mean to the markets and retail...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER