Options Update: MSCI Brazil Index (EWZ) & Cleveland Cliffs (CLF)
MSCI Brazil Index (EWZ)
EWZ Volatility Low; Shares Near Record On Credit Rating Upgrade
EWZ is recently up $.62 to $99.84.
Brazil's credit rating was raised to investment grade by Fitch-Bloomberg.
EWZ call option volume of 14,459 contracts compares to put volume of 12,071 contracts.
EWZ June option implied volatility of 36 is below its 26-week average of 44, suggesting decreasing price movement.
Cleveland Cliffs (CLF)
CLF Volume & Volatility Elevated; Shares Near Record High
CLF, a producer of iron ore pellets, is recently down $4.73 to $102.27.
CLF call option volume of 6,695 contracts compares to put volume of 13,992 contracts.
CLF June option implied volatility of 59 is above its 26-week average of 53, indicating larger share price movement.
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