CurrencyShares Japan Yen Trust (FXY) is trading up 1.22 to 110.80.? FXY is trading near 52-week lows.
Paper bought the FXY Feb 114 calls for .35 on scattered blocks.? The strike traded over 3,100 contracts today.? Average contract volume is over 6,100 contracts per day in the name.? Open interest is over 590 contracts in the strike.? The implied volatility is flat in Feb. This trade looks to be a group of buyers accumulating the strike.? There is a seller of the FXY Feb 116 call at .15 which makes this look like a 1 x 2 call spread for .05 if the trades are related.
30-day implied volatility is 11.2%.?? 10-day implied volatility is 9.9%.? 30-day implied volatility is trading just over the 10 day historical volatility.
CurrencyShares Japanese Yen Trust is designed to track the price of the Japanese Yen net of Trust expenses, which are expected to be paid from interest earned on the deposited Japanese Yen.