Shares of the iShares MSCI Germany Index (EWG) are down .30 to 30.96 today.? EWG is near the top of the 52 week range.

Today paper traded 10000 Jun 30 puts for .55. The ADV is 1727 contracts.? The OI is 12 contracts.

The volume went up in two blocks. Other puts went up today as well in the May 30 strike.? The trades were marked buy-write and spread which on single orders usually means tied to stock.? The trader is looking to buy a move up with protection.

30-day implied volatility is 19%. ? 10-day implied volatility is 18%.? 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. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the German market, as measured by the MSCI Germany Index (the Index).