Shares of the iShares MSCI Emerging Markets (EEM) are down .41 to 42.36 today. ?EEM is near the top of the 52 week range.
Today paper traded 35666 EEM Sep 43/44.5 call spreads over the Sep 39 puts for a .19 credit. ?The ADV is 356k contracts.? The OI is 60k on the 39 puts and 31k and 25k on the 43.44.5 calls.
The volume went up in 3 giant blocks marked spread.? The customer bought call spreads and sold puts to open based on the lower 44.5 call OI. The client wants to get long but the let the EEM float in between the strikes in case it does not move.
30-day implied volatility is 16%.?? 10-day implied volatility is 9.8%.? 30 day implied volatility is trading below 10 Day Historical volatility.
iShares MSCI Emerging Markets ETF, formerly iShares MSCI Emerging Markets Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of publicly traded equity securities in global emerging markets, as measured by the MSCI Emerging Markets Index (the Index).?