XLF has stayed in a tight 9-cent trading range and is off a penny to $14.06. A three-way spread was initiated on the ETF this morning after an investor sold 20,000 XLF Jun 14 puts at 36 cents to buy 20,000 July 12 – 14 put spreads for 48 cents. The spread, for a 12-cent debit, might express view that shares will hold above $14 through the June expiration in three weeks before making another leg lower by the July expiration. It’s possibly a roll to July from June as well.
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.