Shares of The iShares FTSE China 25 Index Fund (FXI) are trading lower on the session by 0.76%, at $33.94. The index has been moving lower over the past few weeks after testing the down trending 200-day moving average. Shares are now sitting on the 50-day moving average.
There have been some sizable trades in the FXI today, the most notable ones coming on the November $31 put strike. Currently, over 26,000 puts have traded on open interest of only 19,877 contracts.
The largest traded was a block of 9,260 puts that was purchased, on the offer, for $0.68. Minutes before that trade went off, 6,148 puts were sold on multiple exchanges, on the bid, for between $0.66-0.68.
Current implied and historical volatility is registering 20% and 15%, respectively; this is down from 44% and 49% back in December 2011.
The iShares FTSE China 25 Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the FTSE China 25 Index. The fund generally invests at least 90% of assets in securities of the underlying index and in depositary receipts representing securities of the underlying index.