Technology Select Sector (XLK) $25.02 -0.13%
Technology Select Sector Fund (XLK) Jan 22 – 23 – 24 put fly is seeing interest for a second day. One player paid 9 cents for the spread, 10000X. It was also bought-to-open at a dime, 20000X yesterday (see 12/8 color), and appears to be a directional bet. It offers a max pay-off if the tech fund falls to $23, or 8.1 percent, by the Jan expiration (43 days).
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.
