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Fromhertz's iShares MSCI EAFE Index Fund Trade

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Christian Fromhertz of Tribeca Trade Group spoke on Bloomberg Markets about a bullish options trade in iShares MSCI EAFE Index Fund (NYSE: EFA). He noticed some call options buying in the name and a bullish technical pattern as the price moved above the 200-day moving average.

To make a bullish bet, Fromhertz wants to buy the September 66 call for $2. The trade breaks even at $68 or 3.69 percent higher from the closing price on Tuesday.

 

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Posted-In: Bloomberg Markets Christian FromhertzOptions Markets Media