SPDR S&P 500 (SPY) $141.26 +0.42%
SPY Weekly 141 puts and calls are the most active options through midday Friday. SPYders fell to a low of $140.22 this morning, but have since rebounded and are up 69 cents to $141.36 after Fed Chairman Bernanke said the Fed has room for further action. The letter was apparently in response to questions from Rep Issa — LINK TO WSJ STORY. The expiring Weekly 141 calls are now 36 cents in-the-money and more than 109,000 contracts traded. Volume in the 141 puts is approaching 130,000. The Weekly 141 sraddle now trades at about 55c.
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.
