Shares of the Health Care Select Sector SPDR (XLV) are trading down .13 to 45.88.? XLF is trading near a 52-week high.
Today paper bought a large block of 8,973 XLV Jun 45 puts for 0.77. ??Average volume is 7,796 contracts per day.? Open interest is 1,927 contracts.
The trade looks like a buyer of puts with total volume over 10,000 contracts.? The puts are already trading lower as of this writing.? There has been large volume put buying in the OTM strikes over the last week or so in the health care space.
30-day implied volatility is 11%.?? 10-day implied volatility is 10%.? 30-day implied volatility is trading above the 10-day historical volatility.
Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index).