Learn the trade here. Make it on tradeMONSTER

Options Trading News

October 8, 2013  Tue 3:47 AM CT

RSX: SEE CHART GET CHAIN FIND STRATEGIES
A large trade is looking for a sharp move up or down in the Market Vector Russia ETF.

More than 23,000 RSX contracts traded yesterday, about 10 times its daily average for the last month. The puts and calls traded in roughly equal volume, and almost all of the action was in the May options.

optionMONSTER systems show that a trader bought 5,500 May 22 puts for $0.48 and the same number of May 34 calls for $0.39. There was no open interest at either strike, indicating that this is new positioning. The trade, known as a strangle, is looking for the RSX to move sharply higher or lower. (See our Education section)

Later in the day, 6,000 each of the May 28 puts and May 29 calls traded, with the puts going for $2.10 and the calls bought for an average of $1.825.

The RSX gave up 0.64 percent to close at $28.70, in the middle of its recent range. The exchange-traded fund was below $24 in late June and at a 52-week high above $31 in January.
Share this article with your friends


Related Stories

RSX

What's behind puts in Russian fund

September 11, 2014

The Market Vectors Russia Fund drew bullish option activity earlier this week, but today's big trade is bearish put spread.

RSX

Traders looking for Russian rally

September 8, 2014

Conflict with Ukraine and economic sanctions have weighed on Russian stocks, but the bulls are back today in the Market Vectors Russia exchange-traded fund.

RSX

Call buyers pile into Russia fund

August 20, 2014

The Market Vectors Russia ETF bounced sharply in early August and is now nearing its 50- to 200-day moving averages.

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