SDPR Retail Trust (XRT) is flat at $42.68 and the May 34 – 37 – 40 put fly is bought at 26 cents, 10000X on AMEX. Looks like a new position and one that yields its best pay-off if XRT falls to $37 (-13.3 percent) by the May expiration (38 days). The fly has now traded 20000X (40K on the body).
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.