Shares of the Financial Select Sector SPDR (XLF) are trading up .1 to 18.16.? XLF is making a 52-week high.
Today 62,715 XLF Mar28 Weekly 18.5 calls traded for 0.12 in two large blocks.? The average contract volume is over 194,000 contracts per day in the name.? Open interest is 1,035 contracts on the strike.? The implied volatility is up 2.8 points in the Mar28 Weekly.
The trade looks like an aggressive call buyer on the results of the bank stress tests.?
30-day implied volatility is 16%.? 10-day implied volatility is 19%.? 30-day implied volatility is trading below 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 (the Index).