Could iShares MSCI South Korea Index Fund(ETF) See a Reversal After Today’s Strong Options Activity?

 Could iShares MSCI South Korea Index Fund(ETF) See a Reversal After Today's Strong Options Activity?

In today’s session iShares MSCI South Korea Index Fund(ETF) (EWY) recorded an unusually high (2,002) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious EWY decrease. With 2,002 contracts traded and 854 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: EWY170120P00054000 closed last at: $2.04 or 6.8% down. iShares MSCI South Korea Index Fund(ETF) (NYSEARCA:EWY) has risen 10.92% since March 16, 2016 and is uptrending. It has outperformed by 5.37% the S&P500.

iShares MSCI South Korea Capped ETF is an exchange-traded fund (ETF). The ETF has a market cap of $3.51 billion. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Korea 25/50 Index (the Index). It currently has negative earnings. The Index consists of stocks traded primarily on the Stock Market Division of the Korean Exchange.

EWY Company Profile

iShares MSCI South Korea Index Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the South Korean market. The Fund’s performance is measured by the MSCI Korea Index (the Index).

More notable recent iShares MSCI South Korea Index Fund(ETF) (NYSEARCA:EWY) news were published by: Seekingalpha.com which released: “Emerging Markets: Investment In South Korea, A Market With Characteristics …” on October 18, 2016, also Etfdailynews.com with their article: “Samsung’s Plunge is Hitting Korean ETFs Hard” published on September 15, 2016, Etfdailynews.com published: “South Korea ETF on Watch as North Korea Launches Multiple Ballistic Missiles” on July 19, 2016. More interesting news about iShares MSCI South Korea Index Fund(ETF) (NYSEARCA:EWY) were released by: Marketwatch.com and their article: “iShares MSCI South Korea Capped ETF” published on February 03, 2010 as well as Nasdaq.com‘s news article titled: “North Korea Missile Test Hits South Korea ETFs” with publication date: September 19, 2016.

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