Immediately following the block in XLU was a massive call trade in the XLI Industrials ETF on the NYSE-Arca exchange, suggesting the same player buying upside in this sector as well. Buyer paid 30cents for 250,000 April 18 calls, also to open, in a position somewhat larger and a bit further out of the money than that traded in XLU. Both XLI and XLU prints are largest ever traded in those securities
Category: All ETFs
About the Author (Author Profile)
Henry Schwartz is the president of Trade Alert LLC, a provider of real-time options analysis tools to leading Wall Street firms. His systems analyze hundreds of thousands of transactions per second to help professionals identify and interpret market activity in real time, supporting informed trading decisions and intelligent idea generation. He has held institutional trading and management roles with Bank of America, Bear Stearns, Salomon Brothers and the Hull Group, and made markets on the CBOE and AMEX floors in the US, and EUREX and MONEP overseas. Prior to founding Trade Alert, he led the electronic market-making group at Bank of America coincident with the launch of the International Securities Exchange. He received his bachelor’s degree in Economics from the University of California, San Diego and his MBA from NYU’s Stern School of Business.