Put Activity In $FXY (March, June 2011), Japanese Yen ETF

FXY (Japanese Yen ETF) puts were active today (read this optionmonster.com article for more information). FXY closed at 118.43 today.

In January 2011 (not pictured), 2,000 $135 Calls traded with 186 open (closed -0.25 to 0.05) and 1,000 $125 Puts traded with 21 open (closed -0.65 to 7.05). In March 2011, 1,500 $119 Puts traded with 137 open (closed +0.35 to 3.05) and in June 2011, 5,000 $115 Puts traded with 106 open (closed +0.65 to 2.55).

Is this trade hedging (or betting on) a continued slide to $115? FXY just rallied to the 50 day moving average resistance level and sold off. I'm also watching the NIKKEI:SPX ratio (and USD/JPY). Optionmonster also mentioned FXY volatility. Charts and option chain snapshots after the jump.

FXY (CurrencyShares Japanese Yen Trust) (StockCharts.com)


1,500 March, 2011 $119 FXY Puts With 137 Open Interest (OptionMonster.com)


5,000 June, 2011 $115 FXY Puts With 106 Open Interest (OptionMonster.com)

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