Technology Select Sector (XLK) $23.21 +1.31%
The Select Sector Technology Fund (XLK) is seeing six times normal trading volume on increasing action in the March 21 puts. XLK, which holds all of the technology-related S&P 500 companies, is up 30 cents to $23.21. In the options market, a half dozen orders for October 21 puts traded offerside for 20 cents a contract across multiple exchanges shortly after 13:00 Eastern time. Total volume in those puts is now 10,000 contracts and it appears to be some hedging or defensive trading on concerns about possible weakness in the technology sector between now and October options expiration.
Category: All ETFs
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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.
