8500 EWC Dec 25/27 call spreads went up in 3 large blocks on the PHLX marked spread.?

EWC

Shares of iShares MSCI Canada (EWC) are down .14 to 25.27 today.? EWC is near the top of the 52 week range.

  • Paper traded 8500 EWC Dec 25/27 call spreads for 1.025.
  • The ADV is 1357.?
  • The OI is less than 50 contracts.

The volume went up in 3 large blocks on the PHLX marked spread.? This spread went up on adjust prices over the midpoint price and is most likely a buy to open call spread.? If so the trader is looking for new yearly highs for EWC.

  • IV 30 is trading for 15%.?
  • HV10 is trading for 14%.?
  • IV 30 is trading above the HV 10.

IShares MSCI Canada ETF (the Fund), formerly iShares MSCI Canada Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Canadian market, as measured by the MSCI Canada Index (the Index).