Shares of Market Vectors Semiconductor ETF (SMH) are down .19 to 49.07 today. ? SMH is trading near the top of the 52 week range.
Today paper traded 17000 SMH Aug 50 calls at .77.? The ADV is 2669.? The OI is 37101 contracts.
The volume went up in one block mid market.? Volume on this strike is over 37000 contracts as a long holder is exiting in very large blocks.? There is slightly more volume than OI but there is also some small scattered paper with the blocks.? This looks like profit taking.
?30-day implied volatility is 15%. ? 10-day implied volatility is 7%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Merrill Lynch & Co. Inc. Semiconductors HOLDRs Trust, formerly The Market Vectors Semiconductor ETF, seeks to replicate the price and yield performance of the Market Vectors the United States Listed Semiconductor 25 Index (MVSMHTR).