15000 XLF Dec 23 calls over Jan 24 calls went up in 2 blocks on the CBOE marked spread.?
Shares of the Financial Select SPDR (XLF) are up .28 to 22.79 today.? ?XLF is at the top of the 52 week range.
- Paper traded 15000 XLF Dec 23 calls over Jan 24 calls for .27 and .17.? ?
- ADV is 168k.
- The OI is 13k and 8283.
The volume went up in 2 blocks on the CBOE marked spread.? With the lower OI this trade does look like an opening diagonal call spread where the trader is betting that XLF rests for a bit before resuming the climb up in Jan.
- IV 30 is trading for 18%.?
- HV10 is trading for 14%.?
- IV 30 is above the HV 10.
Financial Select SPDR Fund (XLF) seeks to closely match the returns and characteristics of the S&P Financial Select Sector Index (the Index).