3000 EWY Nov 57 puts over Oct 56 puts and Nov 60 calls went up in 3 blocks on the PHLX.?
Shares of iShares MSCI South Korea Index (EWY) are up 1.13 to 58.16 today. ?EWY is near the top of the 52 week range.
- Paper traded 3000 EWY Nov 57 puts over Oct 56 puts and Nov 60 calls for 1.82.?
- The ADV is 1865.
- The OI is small except in the Nov 60 calls.
The volume went up in 3 blocks on the PHLX.? This trade looks like a buy call and buy put in Nov and sell the Oct 56 puts to finance.? The trader is probably trying to reduce the cost of the Nov strangle by selling Oct.
- IV 30 is trading for 19%.?
- HV10 is trading for 26%.?
- IV 30 is below the HV 10.
Shares MSCI South Korea Capped ETF (the Fund) is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Korea 25/50 Index (the Index).