Paper traded 32000/64000/32000 XLV Nov 60/63.5/67 put flies for .28
Shares of Health Care SPDR (XLV) are down .19 to 69.39 today.? XLV is near the middle of the 52 week range.
- Paper traded 32000/64000/32000 XLV Nov 60/63.5/67 put flies for .28.?
- The ADV is 18377 contracts.?
- The OI is below 5000 contracts on the Nov 67 and less than 100 on the other 2 strikes.
The volume went up in 3 blocks on the CBOE marked spread.? These puts traded outside the markets but it would appear the trader is paying .28 for an outside shot at a big drop in XLV before or after the elections. They are going with a low cost, low probability high payout trade.
- IV 30 is trading 16%.?
- HV10 is trading for 15%.?
- IV 30 is above the HV 10.
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).