Shares of Currency Shares Canadian Dollar ETF (FXC) are down .02 to 92.50.? FXC is in the middle of the 52 week range.
Today paper traded 5000 FXC Dec 90 puts for .65-.70. ?The ADV is 487 contracts.? The OI is 449.
The volume went up in 2 large blocks.? The puts appear to be opening as a straight spec on a lower Canadian dollar.? Normally a put like this would go up with stock and they were marked spread.? That could be to grab a 67.5 average price.? Either way the trade is hedging or looking for lower Loonie prices.? FXC has been a bit more volatile as of late.
30-day implied volatility is 5%.?? 10-day implied volatility is 6%.? 30 day implied volatility is trading below the 10 realized volatility
Guggenheim CurrencyShares Canadian Dollar Trust, formerly CurrencyShares Canadian Dollar Trust, is a grantor trust.?