6000 EWJ May 53/54 call spreads went up in 2 blocks on the PHLX marked buy-write. ?
Shares of the iShares MSCI Japan ETF (EWJ) are down .08 to 52.25 today.? EWJ is near the top of 52 week range.
- Paper trade 6000 EWJ May 53/54 call spreads for .30. ?
- The ADV is 3559 contracts.?
- The OI is 20 and 1 contracts.
The volume went up in 2 blocks on the PHLX marked buy-write. ?360k shares of EWJ traded concurrently with the options.? The delta would be heavy on the stock and as priced looks like a short delta net with the call spread as upside hedge.? The trader would be looking for a drop in EWJ if that is the case.
- IV 30 is trading for 11%. ?
- HV10 is trading for 8%.?
- IV 30 is trading above the HV 10.
iShares MSCI Japan ETF (the fund), formerly iShares MSCI Japan Index Fund, is an exchange-traded fund.