Paper traded 16800 XLY May 72/77 put spreads for .90
Shares of the Consumer Discretionary SPDR (XLY) are down .72 to 78.09.? XLY is at the higher end of the 52 week range.
- Paper traded 16800 XLY May 72/77 put spreads for .90.??
- ADV is 18k contracts.
- The OI is less than 200 contracts.
The trade went up in 2 blocks on the ARCA marked spread.? Total volume on the strike is over 20000 contracts with this trade looking like a put spread buyer.? There were sizable blocks of stock going up concurrently so this trade could be looking at a put and stock buy on a ratio.? In that case the trade is looking for a big move.
- IV30 is 15% and HV10 is 8%??
- The Implied volatility trades at a premium to the realized volatility currently.
Consumer Discretionary Select Sector SPDR Fund seeks to provide investment results that correspond generally to the price and yield performance of the Consumer Discretionary Select Sector Index (the Index).