Learn the trade here. Make it on tradeMONSTER

Options Trading News

January 17, 2013  Thu 9:49 AM CT

IYR: SEE CHART GET CHAIN FIND STRATEGIES
A large trade is looking for the iShares Real Estate Fund to stay above current levels in the next month.

A trader bought 6,000 January 67 puts for the ask price of $0.13 against open interest of 8,730. At the same time, he or she sold 6,000 February 67 puts for the bid price of $0.68 in volume that was well above that strike's open interst of 1,288, so that was a new position, according to optionMONSTER systems.

The trader is rolling a short-put position forward as the January contracts expire tomorrow. The new February short puts, which are at the money, are looking for the stock to remain above the $67 strike price in a month. (See our Education section)

The IYR is up 0.32 percent to $67.04 this morning, continuing its steady climb from support at $61 in mid-November. The exchange-traded fund is now closing in on its September high.
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