20000 XME Jan 2016 20/22 call spreads went up in 2 blocks on the ARCA marked spread.?
Shares of the SPDR S&P Metal and Mining (XME) are down .21 to 16.51 today. ?XME is near the bottom of the 52 week range.
- Paper traded 20000 XME Jan 2016 20/22 call spreads for .24. ?
- The ADV is 8222 contracts.?
- The OI is 1136 and 17277 contracts.
The volume went up in 2 blocks on the ARCA marked spread.? This trade looks like a bullish call spread at priced.? The trader is opening an upside call play looking for a bounce in the metals and mining area.
- IV 30 is trading for 43%.?
- HV10 is trading for 40%.?
- IV 30 is trading above the HV 10.
SPDR S&P Metals & Mining ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Metals & Mining Select Industry Index (the Index). The Index is an equal weighted market cap index.