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


Premium Services

Webinar Playback

eSignal "Back in Black": Multi-Speaker Free Webinar

Education & Strategy

Some things aren't what they seem

As we scan the Heat Seeker, Depth Charge, and other option-tracking systems, we sometimes see heavy activity in calls and...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER