The Options Insider

Massive Block of XLI Near-Term Calls Trade

by | Oct 9, 2015 | Unusual Activity

103500 XLI Oct 54 calls went up in one giant block on the PHLX marked buywrite. ?

XLI

Shares of Sector SPDR Trust SBI (XLI) are up .26 to 53.46 today. XLI is near the upper end of the 52 week range.

  • Paper traded 103500 XLI Oct 54 calls for .18. ?
  • The ADV is 29860 contracts.?
  • The OI is 1053 contracts.

The volume went up in one giant block on the PHLX marked buywrite. ?3 million shares of XLI traded 53.22 marked ?stockoption? on the CHX so the calls were tied to stock.? The ratio is delta neutral so the trader is expecting a blowout move by next week.

  • IV 30 is trading 16%.?
  • HV10 is trading for 20%.?
  • IV 30 is trading below the HV 10.

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index).