Shares of the Financial Select Sector SPDR (XLF) are trading up .03 to 16.39.? XLF is trading near the highs of the year.
Paper traded an XLF ratio call spread in the Jun 18/20 calls for .29 over .05 so the resulting spread is just .19 overall.? The size was 3,514 over 7,028.? Average contract volume is over 219,000 contracts per day in the name.? Open interest is over 90,000 contracts on both strikes.? The implied volatility is flat today. The heavy open interest suggests a large trader is building a position.
30-day implied volatility is 19.75%.?? 10-day implied volatility is 16.71%.? 30-day implied volatility is trading 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.