Near Term Put Spreads Trade In EWC
Shares of iShares MSCI Canada Index (EWC) are up .06 to 23.60. EWC is near the lower end of the 52 week range.
- Paper Traded 4000 EWC Oct 22/24 put spreads for .41.
- The ADV is 2881 contracts.
- The OI is 790 and 215 contracts.
The volume went up in 2 blocks on the ISE.? The spread looked right in the middle of the market but just below the midpoint value.? On that basis it does look like a sale with IV down around a point in Oct.? The trade would be an aggressive long delta play looking for the EWC to rally short term.
- IV 30 is trading for 22%.
- HV10 is trading for 23%
- IV 30 is trading below the HV 10.
Shares 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).