Fromhertz's iShares MSCI EAFE Index Fund Trade

Christian Fromhertz of Tribeca Trade Group spoke on Bloomberg Markets about a bullish options trade in iShares MSCI EAFE Index Fund 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.