80000 EWZ Mar 27.5/30 call spreads went up in several blocks on the CBOE?
Shares of the iShares MSCI Brazil Index are down .16 to 23.03 today. ?EWZ is near the lower end of the 52 week range.
- Paper traded 80000 EWZ Mar 27.5/30 calls spread for .40. ?
- The ADV is 88k contracts.?
- The OI is less than 2000 contracts.
The volume went up in several blocks on the CBOE marked spread.? This trade looks like a short OTM call spread that went up right in the middle of the markets. IV is down slightly in Mar.? A 50000 contract butterfly went up in Jun 25/30/35 strikes so the short call spread could be paying for the butterfly premium.???
- IV 30 is trading for 42%.?
- HV10 is trading for 22%.?
- IV 30 is trading above the HV 10.
iShares MSCI Brazil Capped Index Fund (the Fund), formerly iShares MSCI Brazil Index 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 Brazilian market, as measured by the MSCI Brazil Index (the Index).