Shares of the iShares Dow Jones Transport (IYT) is down 2.01 to 144.10. ?IYT is near the top of the 52 week range.
Today paper traded 7078 IYT Jul 137 puts for .81.? ?The ADV is 1020 contracts.? The OI is 3 contracts.
The volume went up in one large block.? More put buying followed this trade with volume topping 13900 contracts.? The put trade is bearish or protecting a long stock position.
30-day implied volatility is 14%.?? 10-day implied volatility is 9%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Shares Transportation Average ETF (the Fund), formerly iShares Dow Jones Transportation Average Index Fund, is an exchange-traded fund (ETF). The Fund seek investment results that correspond generally to the price and yield performance, before fees and expenses, of Dow Jones Transportation Average Index.