SPDR Technology Fund shares are up 13c to $21.60 and seeing a continuation of what is potentially bullish positioning in the June calls though not on the scale of previous sessions. Today’s action sees the $23 and $24 strikes each trade approximately 15,000 contracts in what could be roll down. The $24 call had seen heavy buying on 5/17 (see market color) and open interest swelled to some 140,000 contracts. This position was apparently partially rolled down to the 23 strike ( see market color 5/20) and OI is now down to 119,000 in the 24s and u to 85,000 in the 23s.