Shares of the iShares Dow Jones US Homebuilders (ITB) are down .07 to 24.15 today.? ITB is in the middle of the 52 week range today.
Today paper traded 17000 ITB Jun 27 Weekly/ July 25 Weekly 23 calls spreads for .28.? The ADV 4036 contracts.? The OI is 17343 in Jun and 0 in Jul.
The volume went up in 2 giant blocks with scattered other volume.? With the pricing the client was most likely buying Jul and selling the Jun for .14 over parity.? This trade is rolling a winner from Jun into Jul staying long the ITB.
30-day implied volatility is 23%.?? 10-day implied volatility is 14%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
iShares U.S. Home Construction ETF, formerly iShares Dow Jones U.S. Home Construction Index Fund, seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Home Construction Index (the Index).