Daily Options Report

This from the Options News Network

The EWZ ETF is trading at $75,33, down 87 cents or roughly 1% this morning. Emerging markets have been in the spotlight throughout recovery, and it looks like an investor employed a butterfly to express moderate bearishness. The December 60-65-70 put traded 15,000 times out of the gate, meaning the December 60 and 70 puts traded 15,000 times, while the December 65 puts traded 30,000 times. We saw similar activity at the beginning of the month, when an investor bought the December 70 puts and sold the December 65 puts. The December 75 straddle is trading at $5.83, compared to yesterday’s at-the-money straddle that closed at $5.80.

It's a modest bearish shot to say the least as EWZ sits in the 75-76 range.