Shares of the iShares MSCI Germany Index (EWG) are down .44 to 31.26. EWG is near the upper end of the 52 week range.
Today paper traded 4000 EWG Aug 30/31 put spread for .25.? The ADV is 2051 contracts. The OI is less than 50 contracts.
The volume went up in two large blocks.? Smaller size paper went up so the eventual size was closer to 5000 contracts.? The volume looked like buying the put spread which would be a cheap, bearish trade.? The IV is up after the volume traded.
30-day implied volatility is 13%.?? 10-day implied volatility is 7%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
iShares MSCI Germany ETF, formerly iShares MSCI Germany Index Fund (the Fund), is an exchange-traded fund.?