Select Sector Technology Fund (XLK) is seeing 12 times average daily volume, with 15,000 calls and 900 puts traded. The top trade of the day is a block of 10,000 March 14 calls tied to a block of 530K shares at $13.70. Also seeing some interest in XLK December 16 call options. The fund, which holds all of the tech companies from the S&P 500, is up 8 cents to $13.86.
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.