60000/20000 FEZ Aug 37 calls over May 34 calls went up in several blocks on the AMEX marked spread.?
Shares of the SPDR EURO STOXX 50 ETF (FEZ) are down .05 to 34.26 today.? FEZ is near the top of the 52 week range.
- Paper traded 60000/20000 FEZ Aug 37 calls over May 34 calls for .495 and 1.42.? ??
- The ADV is 6291 contracts.?
- The OI is 18k in May and 30k in Aug.
The volume went up in several blocks on the AMEX marked spread.? This trade went up mid-market on both side but is does appear the May calls were bought and financed by the upside 3 to 1 leverage in the Aug calls.? The IV is bid most in May so that is the likely scenario.? The trade does well on a rally to the mid 36 area.
- IV 30 is trading 15%
- HV10 is trading for 6%.?
- IV 30 is trading above the HV 10.
SPDR EURO STOXX 50 ETF (the Fund) seeks to replicate as closely as possible the price and yield of the EURO STOXX 50 Index (the Index).