Aggressive’ Bearish Options Activity Seen in Guggenheim CurrencyShares Japanese

 Aggressive' Bearish Options Activity Seen in Guggenheim CurrencyShares Japanese

In today’s session Guggenheim CurrencyShares Japanese (FXY) recorded an unusually high (1,410) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious FXY decrease. With 1,410 contracts traded and 14234 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: FXY170120P00100000 closed last at: $11.2 or 15.5% up. Guggenheim CurrencyShares Japanese (NYSEARCA:FXY) has declined 0.07% since April 14, 2016 and is downtrending. It has underperformed by 4.75% the S&P500.

Guggenheim CurrencyShares Japanese Yen Trust, formerly CurrencyShares Japanese Yen Trust, is a grantor trust. The company has a market cap of $139.73 million. The Trust issues shares in blocks of 50,000 (a Basket) in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with the redemption of Baskets. It currently has negative earnings. The investment objective of the Trust is for the Shares to reflect the price of Japanese Yen plus accrued interest, if any, less the expenses of the Trust’s operations.

FXY Company Profile

Guggenheim CurrencyShares Japanese Yen Trust, formerly CurrencyShares Japanese Yen Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Japanese Yen plus accrued interest, if any, less the expenses of the Trust’s operations. The Trust holds Japanese Yen and, from time to time, issues Baskets in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with redemptions of Baskets. The Sponsor of the Trust is Guggenheim Specialized Products, LLC, a Delaware limited liability company.

More notable recent Guggenheim CurrencyShares Japanese (NYSEARCA:FXY) news were published by: Etfdailynews.com which released: “These Japanese Currency ETFs Deserve Some Post-BOJ Attention” on September 22, 2016, also Benzinga.com with their article: “Down But Not Out: Japan ETFs Offer Value” published on July 08, 2016, Benzinga.com published: “Structural Volatility Won’t End For Several Years, Derivatives Strategist Says” on January 27, 2016. More interesting news about Guggenheim CurrencyShares Japanese (NYSEARCA:FXY) were released by: Benzinga.com and their article: “Currency Hedged ETFs Are Back In Play” published on September 11, 2014 as well as Benzinga.com‘s news article titled: “Jose Canseco Goes On Twitter Rant, Compares Bank Of Japan To Willy Wonka” with publication date: February 04, 2016.

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