Could iShares Russell 2000 Index (ETF) Rise More? The Stock Had Bearish Options Activity

 Could iShares Russell 2000 Index (ETF) Rise More? The Stock Had Bearish Options Activity

In today’s session iShares Russell 2000 Index (ETF) (IWM) recorded an unusually high (915) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the June, 2017 put, expecting serious IWM decrease. With 915 contracts traded and 7284 open interest for the Jun, 17 contract, it seems this is a quite bearish bet. The option with symbol: IWM170616P00105000 closed last at: $3.17 or 8.1% down. The ETF decreased 0.49% or $0.61 during the last trading session, hitting $123.21. iShares Russell 2000 Index (ETF) (NYSEARCA:IWM) has risen 17.99% since March 1, 2016 and is uptrending. It has outperformed by 8.75% the S&P500.

iShares Russell 2000 ETF is an exchange-traded fund. The ETF has a market cap of $28.41 billion. The Fund seeks investment results that correspond generally to the price and yield performance of the Russell 2000 Index (the Index). It has a 30.8 P/E ratio. The Index is a float-adjusted capitalization weighted index that measures the performance of the small-capitalization sector of the United States equity market and includes securities issued by the approximately 2,000 smallest issuers in the Russell 3000 Index.

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