Net on the day, paper bought the DXJ April 22-May 6 44 call calendar for .28 15,000 times.
Wisdom Tree Japan Total Dividend ETF, trading 42.20 with an IV30 of 24.30 up 2.25% and an HV10 of 16.45, is seeing lots of bullish call activity.? The ETF, with an ADV of 17,500 and an OI of 333,000 contracts, saw a customer execute a large May buy-write where the customer bought stock and sold the May20 45.78 calls at .26.? This trade went up 28,722 times.? In addition, a customer sold 15,000 of the April 22 calls at varying prices and bought the May 6 calls at multiple prices.? Net on the day, the customer bought the April22-May6 44 call calendar for .28 15,000 times.
Both of these trades are bullish DXJ.? In both cases the trade reaches its best performance if DXJ rallies from its current level back toward where the ETF closed yesterday.? The May buy-write is looking for a bigger move than the April-May calendar, but does have a different duration.? These orders appear to be separate customers.
The action should be considered bullish DXJ.