CBS Corporation (CBS) Put Options Active Ahead Of Earnings After The Close

iShares MSCI Emerging Markets Indx (NYSEARCA:EEM) – Options volume on the iShares MSCI Emerging Markets Indx (NYSEARCA:EEM) jumped during the first hour of the trading session on Wednesday after a massive position was initiated in the May expiry put contracts. The iShares MSCI Emerging Markets Indx (NYSEARCA:EEM) snapped a two-day winning streak this morning, with shares down 0.70% at $43.00 as of 11:20 a.m. ET. The largest trade in iShares MSCI Emerging Markets Indx (NYSEARCA:EEM) options today was the purchase of 240,000 puts at the May $42.5 strike at a premium of $0.43 per contract. The bearish position makes money if shares in the iShares MSCI Emerging Markets Indx (NYSEARCA:EEM) decline another 2.2% from the current level to breach the effective breakeven price of $42.07 by May expiration. Shares in the iShares MSCI Emerging Markets Indx (NYSEARCA:EEM) are down roughly 4.0% since the start of 2013.

Caitlin Duffy
Equity Options Analyst

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