June 16, 2015 / 3:29 PM / 2 years ago

BUZZ-Greece ETF's options draw bearish bets

** Global X FTSE Greece 20 ETF options active as traders appear to be positioning for/hedging risk of more downside

** Busiest day for puts since Feb; bearish activity noticeable after largely bullish options activity in recent weeks

** The 30-day implied volatility has jumped sharply to 94.1 pct from 75.27 pct at start of June; currently in 94th percentile of 52-week range

** Options volume at 9,500 contracts, or two times normal, according to Trade Alert

** Seven of ten most active contracts are puts; July $9 puts most active with 3,200 contracts traded

** ETF's shares down 8 pct over last week; currently down 4 pct at $10.57 (Reuters Messaging: saqib.ahmed.thomsonsonreuters.com@reuters.net)

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