5500 FXI May 20 31put and 32 calls went up in two blocks on the PHLX marked buywrite
Shares of the iShares FTSE/Xinhua China ETF (FXI) are down .39 to 31.72 today. FXI is near the lower end of the 52 week range.
- Paper traded 5500 FXI May 20 31 put and 32 calls for .34 and .50.
- The ADV is 95k contracts.? ?
- The open interest is 242 calls and 10805 puts.?
The volume went up in two blocks on the PHLX marked buywrite.? A block of 80000 shares went up and as priced the stock trade would be a sale on the large long delta strangle.? The trader is looking for a very big short term move on a strangle tied to stock.? This position leans bearish with the stock trade.
- IV 30 is trading for 26%.?
- HV10 is trading for 16%.?
- IV 30 is above the HV 10.
iShares China Large-Cap ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE China 25 Index (the Underlying Index).