Shares of the Financial Select SPDR (XLF) were down .02 to $16.85 yesterday.? XLF is trading near a one-year high.
Paper traded the XLF Feb 17 puts for .46 in a block of 6,111 on Jan 3, 2013. ?Average contract volume is over 203,000 contracts per day in the name.? Open interest is over 6,400 contracts on the strike.? The implied volatility is down .5 in Feb. The trade looks to be a seller at the time since the puts went offered after the trade. Over 14,000 contracts traded on the day in both directions. ?
30-day implied volatility is 18%.?? 10-day implied volatility is 19%.? 30-day implied volatility is trading just at 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).