3175 KRE May19 50 and 45 puts went up in 2 blocks on the ARCA marked spread. ?
Shares of the SPDR KBW Regional Banking (KRE) are down .55 to 52.52 today.? KRE is near the upper end of 52 week range.
- Paper 3175 KRE May19 50 and 45 puts for 1.12 and .28. ?
- The ADV is 22687 contracts.?
- The OI is 1610 and 1060 contract.
The volume went up in 2 blocks on the ARCA marked spread. ?These puts went up through the bids with Apr21 50 and 53 puts trading as well.? The put flurry looked closing in Apr, possibly sell to close, and then trading more puts in May.? The volume jumped in May relative so this could be a sell to close buy to open trade with house money.
- IV 30 is trading for 24%. ?
- HV10 is trading for 29%.?
- IV 30 is trading above the HV 10.
SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs.