VanEck Vectors Semi options volume is 3X daily average as shares extend losses
VanEck Vectors Semi options volume is 3X daily average as shares extend losses. The ETF off $1.19 to $98.93 Friday and has lost nearly 7% since Tuesday. In option action, 10K Aug 90 - 100 put spreads were bought Friday morning for $3.52, untied. Separately, an investor was apparently selling 10K Aug 110 calls at $2.10 to buy 10K Aug 90 - 100 put spreads for $3.35. While, more than 32K Aug 90 puts trade on the day, 27.5K Aug 100 puts and 28.2K Aug 110 calls changed hands. Jun 85, Jun 100, and May 105 puts are next most active. Total volume is lopsided almost 3:1 at 150K puts and 59K calls. 30-day implieds up less than 2% to 30.5 and in the 95th percentile of the 52-week range.