SPDR S&P 500 (SPY) $101.44 -1.72%
Big Prints in the SPYders, as one player buys the SPY July 94 – 98 put spread at 83 cents, 50000X. Shares are down $1.59 to $101.63. This investor is probably buying the spread and looking for a short-term hedge. July options come off the board two weeks from tomorrow. Excluding commissions, the spread breaks even at $97.17 at expiration, or 4.4 percent below current levels.
Category: All ETFs
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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.
