12500 XLB May 46 puts went up in 1 block on the PHLX.?
Shares of the Materials Select Sector SPDR (XLB) are up .58 to 46.53.? XLB is near the middle of the 52 week range.
- Paper traded 12500 XLB May 46 puts for .32.?
- The ADV is 7759 per day.?
- The OI is 140 contracts..
The volume went up in 1 block on the PHLX.? The trade looks like a close on the May 46 puts.? OI is over 14k contracts and the snap rally today is a good reason for profit taking.? The trader did not add another short put position so they are taking the money and running.? It appears this is the last leg of a ratio put spread traded on the 11th.
- IV 30 is trading 19%.?
- HV10 is trading for 16%.?
- IV 30 is trading above the HV 10.
Materials Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Materials Select Sector Index (the Index). The Index includes companies involved in such industries as chemicals; metals and mining; paper and forest products; containers and packaging, and construction materials. The Fund?s investment advisor is SSgA Funds Management, Inc.