5805 RSX Jan2017 20 calls went up on the PHLX in one block.?

RSX

Shares of the Market Vectors Russia ETF (RSX) are up .14 to 18.45 today.? RSX is making a 52 week high today.

  • Paper traded 5805 RSX Jan2017 20 calls for .78.?
  • The ADV is 6062.?
  • The OI is 23373.

The trade went up on the PHLX in one block.? Total volume on the strike is over 20000 contracts as the trades go up on several floors at different times.? Longer term IV is higher and this could be short covering early or adding to a position.? No stock of size printed so these calls look like pure bullish upside.

  • IV30 is 26% and HV10 is 27%.?
  • The IV30 is trading at a premium HV10.

Market Vectors Russia ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the DAXglobal Russia+ Index (DXRPUS). DXRPUS is a modified market capitalization-weighted index consisting of publicly traded companies that are domiciled in Russia.