Shares of the Financial Sector SPDR (XLF) were trading up .27 today to $16.27.? XLF traded as high as $16.29 today and is trading near a three-month high of 16.49.
Paper mostly bought XLF Dec 16.5 calls for .01 to .03 lifting the offer at the time.? Many blocks of the 100+ contracts went up totaling 8,600 contracts.? Average contract volume is over 211k contracts.? Open Interest was 0 contracts before today suggesting paper is speculating on an upside move by expiration this week.
30-day implied volatility is 17.43%.?? 10-day implied volatility is 9.1%.? 30-day implied volatility is trading well over the 10 day historical volatility.?
Financial Select Sector SPDR Fund (XLF) seeks to provide investment results that correspond generally to the price and yield performance of the Financial Select Sector Index.