The top options trade so far today is in the Select Sector Technology Fund (XLK). Shares, which hold all of the tech-related companies from the S&P 500, are up a penny to $20.77 and a block of 42K Dec 22 calls traded at the offer for 45 cents about 10 minutes after the open. It traded via AIM, according to a floor contact. What is AIM, you ask? I wondered too. It stands for Automated Internalization Mechanism.
Category: All ETFs
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.