Calls Purchased on 7-10 Yr. Treasury Fund (IEF)
Shares of the iShares Barclays 7-10 Year Treasury Bond Fund (NYSE: IEF) are lower on the session by 0.33%, currently trading at $97.41. The ETF has been moving largely higher over the past six months and is now struggling to hold the 50-day moving average.
Options traders are buying calls on the ETF today. A short while ago, the September $98.00 call was purchased 3,100 times, on the offer, on open interest of 5,152 contracts. This is likely a closing transaction on short calls.
Call volume is now running at 2.38x the daily average.
The iShares Barclays 7-10 Year Treasury Bond Fund seeks results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays Capital U.S. 7-10 Year Treasury Bond Index. The fund generally invests at least 90% of assets in the bonds of the underlying index and at least 95% of assets in U.S. government. It may also invest up to 10% of assets in U.S. government bonds not included in the underlying index. The fund also may invest up to 5% of assets in repurchase agreements collateralized by U.S. government obligations and in cash and cash equivalents.
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