Puts Bought on The Natural Resources Sector (IGE)

Shares of the ISHARES S&P NORTH AMERICAN NATURAL RESOURCES SECTOR INDEX FUND IGE are flat on the session, currently trading $31.49. The ETF has been moving largely sideways for the past few months, but it is now trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name once again today. The July $34 put was purchased 1,100 times on the offer earlier in the session. Open interest on the strike is 25,769 contracts. Put volume is running at 2.55x the daily average. 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.