Put Volume Grows on Natural Resources Sector (IGE)

Shares of the ISHARES S&P NORTH AMERICAN NATURAL RESOURCES SECTOR INDEX FUND IGE are higher on the session by 1.48%, currently trading $32.23. The stock has been drifting lower over the past five weeks and is struggling to hold the $32 handle. Put volume is growing on the ETF as well. Though action has been in largely small lots, volume is now running at 3x the daily average with the majority of puts purchased on the offer. Traders are focused on the $35 and $33 strikes. The ISHARES S&P NORTH AMERICAN NATURAL RESOURCES SECTOR INDEX FUND seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P North American Natural Resources Sector index. The fund generally invests at least 90% assets in securities of the underlying index and in depositary receipts representing securities of the underlying index.