Shares of the iShares MSCI Italy Index (EWI) are up .02 to 16.63 today.? EWI is at the top of the 52 week range.

Today paper traded 4880 EWI Mar 16 calls over 2440 EWI Apr 34 calls for a .38 credit.? ADV is 437 contracts.? The OI is 6704 and 0 contracts.

The volume went up in two large blocks where the trade is rolling a profitable position.? EWI is up 40% over the last year this trader is looking or more by opening the Apr 17 position.? The size did get cut in half however on this roll.

30-day implied volatility is 20%.? ?10-day implied volatility is 13%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

iShares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Italy 25/50 Index (Index).