Shares of iShares MSCI Emerging Markets ETF (EEM) are down .08 to 38.15 today.? EEM is in the middle of the 52-week range.
Today paper traded 25,070 EEM Mar 24 puts for .06-.07.? ADV is 335,000 contracts.? The OI is 2,851 contracts.
The volume went up several large blocks and looks like paper buying.? This could be a hedge for a long position like insurance.? The trades look like they are going up at split prices.? The paper is opening and there has been several OTM put strikes purchased today in here.
?30-day implied volatility is 24%.? ?10-day implied volatility is 23%.? 30-day implied volatility is trading above the 10-day historical volatility.
iShares MSCI Emerging Markets ETF, formerly iShares MSCI Emerging Markets Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of publicly traded equity securities in global emerging markets, as measured by the MSCI Emerging Markets Index (the Index). The Index is designed to measure equity market performance in the global emerging markets.