Shares of Select Sector SPDR Financial (XLF) are up .12 to 21.74 today.? XLF is making a 52-week high.
Today paper traded 10,000 XLF Jan 22 calls for .22.? The ADV is 171,000 contracts.? The OI is 300,000 contracts.
The volume went up in one block with 12,770 traded so far today.? There is huge open interest most likely due to call over writing.? This trade is lifting the offer and is the largest block on the day.? It is either looking for higher prices in XLF or tied to stock looking at a big move.? IV is in the very low end of the range.
30-day implied volatility is 14%. ? 10-day implied volatility is 15%.? 30-day implied volatility is trading below the 10-day historical volatility.
Financial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Financial Select Sector Index (the Index).?