SPDR Retail Trust (XRT) is off 71 cents to $59.81 and an Aug 55 – 58 (2X1) put ratio spread trades on the ETF for 11 cents, 15000X to open. Looks like a short-term bearish play on the retail sector with a max payout if XRT shares fall to $55 (~8%) through the August expiration (6 weeks). XRT was on a four-day 6 percent winning running higher and trading at two-month highs prior to today, even as retailers posted their worst June sales numbers in three years Thursday morning — MarketWatch.
Category: All ETFs
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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.