Tuesday, April 24, 2007

Someone's Expecting Emerging Markets to Implode Again

Perhaps, many someones? optionmonster.com flagged this earlier on their site (which is well worth a visit to check out their services) and it did show up on my end of day option screener. The image below is most active options. EEM put volume at nearly 50k today for puts about $20 out of the money is interesting. These are the June105s (circled).

But it's not as if the EEM hasn't seen the near 100 level fairly recently...

At $1 a contract, big money poured into those puts today - almost $5 mln worth. Be careful out there, folks. Enjoy the upward ride while it lasts.

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