The Select Sector Energy Fund (XLE) is seeing double its usual volume, as crude oil makes another run to record highs. Crude is trading up $2.12 to $129.17 a barrel. The XLE, meanwhile, sits near unchanged at $89.50 a share and June Quarterlys are seeing increasing volume. A block of $152,000 87 puts traded for $2.65 and another block of 152,000 84 puts traded for $1.69. Both blocks traded on the offer.
Category: All ETFs
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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.