Shares of the iShares Dow Jones US Homebuilders Index ETF (ITB) are down .75 to 23.45 today.? ITB is in the middle of the 52 week range.
Today paper traded 9002 ITB Jul 25 Weekly/ Sep 23 call spread for 62.? The ADV is 4765 contracts. The OI is 18005 in Jul 25 weeklys and 11 in the Sep.
The volume went up 2 large blocks.? A second spread went up for near the same price making 18006 rolls.?? The pricing looking like a sell to close on the Jul 25 Weeklys and buy to open on the Sep 23s.? The downdraft in ITB probably caught the investor by surprise as it has just bounced of a 2 month low and they want to buy more time.
30-day implied volatility is 20%.?? 10-day implied volatility is 20%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
iShares U.S. Home Construction ETF, formerly iShares Dow Jones U.S. Home Construction Index Fund, seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Home Construction Index (the Index).