Shares of the iShares Dow Jones US Real Estate ETF (IYR) are down .46 to 70.75 today. IYR is near a 52 week high

Today paper traded 40000 IYR May 30 Weekly 69/70.5 put spreads for .32. ?The ADV is 42312 contracts.? The OI is 82 and 1176 contracts

The volume went in two blocks with other volume hitting the tape as sold last which did not count in the volume.? IV is up one full point in May with this paper looking like a put buyer.? The trader is looking for IYR to dive in the next two weeks.

30-day implied volatility is 11.42%.?? 10-day implied volatility is 7%.? 30 day implied volatility is trading below 10 Day Historical volatility.

Shares U.S. Real Estate ETF, formerly iShares Dow Jones U.S. Real Estate Index Fund (the Fund), is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Real Estate Index (the Index).