Market Overview

Macro Risk Advisors' PowerShares DB Agriculture Fund Trade


Speaking on Bloomberg Markets, Pravit Chintawongvanich of Macro Risk Advisors spoke about an options strategy in PowerShares DB Agriculture Fund (NYSE: DBA).

He explained that the ETF tracks 10 agriculture products which have a very low correlation and as a result the ETF doesn't move too much. Chintawongvanich wants to buy the stock and sell the January 20 call for 95 cents. He said that he doesn't have an opinion about a potential direction of PowerShares DB Agriculture Fund, but he thinks the implied volatility is elevated and he wants exploit that by selling the call.

Posted-In: Bloomberg Markets Pravit ChintawongvanichSector ETFs Options Markets Media ETFs


Related Articles (DBA)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial
Book A Demo
Learn How You Can Succeed In The Market With Benzinga Pro

Fastest Market News

Real-Time News Alerts

Customizable News Filters

Book A Demo

Mike Khouw Sees Unusual Options Activity In Snap

Todd Gordon's SPY Options Trade