SPDR S&P 500 (SPY) $125.72 -0.43%
Big prints in the SPYders, which have given up morning gains and are down 30 cents to $125.96, after one investor sold 104,000 Nov 111 – 118 put spreads on the ETF at 23 cents to buy 50,000 Dec 110 – 117 put spreads for 85 cents. The four-way likey rolls out positions in Nov 111 – 118 put spreads opened in late October for 42 and 92 cents (see 10/24 and 10/31 color). SPY is up .35 percent month-to-date and the position is being rolled out an additoinal month, down one strike.
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.
