A four-way put spread dominates the options action in the iShares Emerging Market Fund.
The EEM trades at $37.30, up 0.57 percent on the day and not far from a long-term support level. The $37 level has held for all but a couple of closes going back to October, when the exchange-traded fund came off its 52-week low.
The big trade involved 18,500 each of the July 35 and 32 puts and the August 35 and 32 puts, all traded at the same time.
In the July expiration, the 35 puts traded for $0.37 and the 32s were bought for $0.09. The volume was much less than open interest at both.
In August the 35 puts were bought for $0.79 and the 32s sold for $0.30. Volume was below open interest in the 35s but above it in the 32s.
The trading data indicates that this is a roll of that 35/32 put spread to August from July. The trader ends up paying $0.21 for continued exposure down to that $32 level. (See our Education section)
Options Trading News
Related Stories
EEM
Index, ETF option volumes near midday
May 24, 2013
Total option volume is just over 6.1 million contracts so far today, with the typical indexes and ETFs leading the action, according to optionMONSTER data systems.
EEM
Index, ETF option volumes near midday
May 21, 2013
Total option volume tops 5.7 million contracts so far today with the typical indexes and ETFs leading the way, according to optionMONSTER data systems.
EEM
Index, ETF option volumes near midday
May 14, 2013
Total option volume is strong today with 6.8 million contracts changing hands as the typical indexes and ETFs dominating the action, optionMONSTER data systems show.
EEM
Bearish play in emerging markets
May 10, 2013
The iShares Emerging Markets Fund fell a day after posting its highest close since Feb. 1, and one large trader is apparently looking for more downside.
EEM
Index, ETF option volumes at midday
May 8, 2013
Total option volume tops 5.9 million contracts so far today as bullish sentiment again pervades the major indexes and ETFs, according to optionMONSTER data systems.
Social Media
Follow optionMONSTER for news and updates
Premium Services
-
Semi-active traders looking for simple calls and spreads (5 per week).
Learn More -
Entry-to-mid level traders looking for full circle trade analysis (1 per week).
Learn More -
Tailored, one-on-one education designed and led by Jon & Pete (3 months and up)
Learn More
