Macro Risk Advisors' iShares MSCI EAFE Index Fund ETF Trade

Pravit Chintawongvanich of Macro Risk Advisors spoke on Bloomberg Markets about a bullish options trade in iShares MSCI EAFE Index Fund (ETF) EFA.

With the ETF, he can get exposure to the European and Japanese equity market and also exposure to euro and yen. Chintawongvanich believes that these markets are going to perform well and he wants to buy the September 68 call in iShares MSCI EAFE Index Fund (ETF) for $0.60. The trade breaks even at $68.60 or 2.88 percent higher.