The iShares MSCI Japan ETF (EWJ) are up .13 to 11.13 today. ?EWJ is in the middle of the 52 week range.
Today paper traded 90000 Jun 10 and 11 calls for .32. ?The ADV is 34734 contracts.? The OI is 4150 on the 10s and 292369 contracts on the 11s.
The volume went up in two giant blocks.? This trade went up over 250k times on the day where the customer sold the 12s and bought the 11s.? They could be rolling down since the OI is around 292k contracts.? The client looks like they are trying to reposition their strikes to capture a rally.? Looks like a bullish roll.
30-day implied volatility is 72%.?? 10-day implied volatility is 44%.? 30-day implied volatility is trading above the 10-day historical volatility.
iShares MSCI Japan ETF (the fund), formerly Ishares Msci Japan Index Fund, is an exchange-traded fund.?