Shares of the iShares MSCI Brazil Index (EWZ) are down .29 to 48.98 today.? EWZ is near the upper end of the 52 week range.
Today paper traded the 16800 EWZ Jul/Oct 50 call spread for 1.22. ?The ADV is 103k contracts.? The OI is 12k in Jul and 50k in Oct.
The volume went up in two blocks with marked spread.? The trade is most likely opening paper with the Oct side looking skewed to buy.? The Jul side traded below the market and with the spread going up in smaller volumes.? IV is up a .50 today in EWZ.
?30-day implied volatility is 22%.?? 10-day implied volatility is 16%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Shares MSCI Brazil Capped Index Fund (the Fund), formerly iShares MSCI Brazil Index Fund, seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Brazilian market, as measured by the MSCI Brazil Index (the Index). The Index seeks to measure the performance of the Brazilian equity market.