320000 XLF Jan2017 22 calls went up in 2 blocks on the AMEX marked price variation.?
Shares of the Financial Select SPDR (XLF) are up .28 to 22.15 today. XLF is near the top of the 52 Week range.
- Paper traded 320000 XLF Jan2017 22 calls for .72 average price.? ?
- ADV is 149k.
- The OI is 118k contracts.
The volume went up in 2 blocks on the AMEX marked price variation.? A massive block of stock, 4.6 million shares, traded earlier marked derivative.? This could be part of the call block and would be a type of back spread but very long delta if all the trades were put together.? The rough delta on the 2 blocks is 16 million long.
- IV 30 is trading for 20%.?
- HV10 is trading for 29%.?
- 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).