7361 XLB Nov 40 puts went up in one block on the PHLX.?
Shares of the Materials Select Sector SPDR (XLB) are up .91 to 42.27 today. ?XLB is near the lower end of the 52 week range.
- Paper traded 7361 XLB Nov 40 puts at .69.
- ?The ADV is 11495 contracts.?
- The OI is 118 contracts.
The volume went up in one block on the PHLX.? This trade looks like a bullish put sale into the rally in this group.? XLB is near the bottom of the range and the trader is position to go long at near year lows.? IV is down around .5 point today.
- IV 30 is trading for 42%.?
- HV10 is trading for 22%.?
- IV 30 is trading above the HV 10.
Materials Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Materials Select Sector Index (the Index). The Index includes companies involved in such industries as chemicals; metals and mining; paper and forest products; containers and packaging, and construction materials. The Fund?s investment advisor is SSgA Funds Management, Inc.