Trading is active in the Select Sector Energy Fund (XLE), which is following the price of crude to the downside. Crude is down $2.74 to $99.80 a barrel. The XLE is off $1.40 to $69.30 a share and blocks of XLE April 70 and 65 puts were bid early in the trading session.
Category: All ETFs
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.