Consumer Discretionary Select SPDR Fund (XLY) $22.24 +1.00%
Consumer Discretionary SPDR saw a large block of downside puts bought on the CBOE, suggesting concern about the ETF that holds stocks like MCD, Comcast, DIS, HD, Time Warner and Lowes. On the CBOE just after 2pm a cust bought 45000 Jun 19 puts for 55c (most crossed by PTR). With XLY closing up 1% to 22.24, these puts are 14.5% out of the money and will create the largest block of open interest in the ETF.
Category: All ETFs
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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.
