Top options trades so far today are in the Select Sector Financials (XLF) after the July 13 – 14 – 15 put fly trades at 16 cents, 20000X on CBOE. Shares are up 6 cents to $14.88 and this strategist might be expecting the ETF to drift back towards $14 through the July expiration (43 days), during the summer doldrums.
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.