Calls Purchased on 7-10 Yr. Treasury Fund (IEF)

Shares of the iShares Barclays 7-10 Year Treasury Bond Fund 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. For more great research like this, as well as how to play it through options…please visit Benzinga's Options & Volatility Edge and Benzinga's Cash Generator.