Notable option blocks in iShares Emerging Markets Fund
Notable option blocks in iShares Emerging Markets Fund. The ETF off 63c to $48.24 and 42.5K Mar 48.5 straddles bought to open for $2.66. Separately, 53.3K Jun 49 calls trade for $2.24, to open (appears bought). And 20K Mar 9th 45 - 51 put spreads trade for $2.60 along with 22.4K Apr 39 - 51 put spreads at $3. The four-way traded on ISE and is buying (to close) the Mar 9th 45 - 51 spread while selling (to )the Apr 39 - 51 spread. Overall trading in EEM is almost 2X greater than normal at 274K puts and 191K calls, as players position for further volatility in emerging markets after a sharp two-week drop. The ETF had reached 9-year highs on 1/26/18 and has lost 7.7% since that time.