Schaeffer's Option Blog: SPDR S&P Retail ETF Sees a Ratio Vertical Put Spread
Posted on July 07, 2009 at 16:14 PM EDT
Put volume has been heavy on the SPDR S&P Retail (NYSE: XRT) exchange-traded fund (ETF) today, with the security's July 22 and 24 strikes seeing volume of 25,500 contracts, and 71,000 contracts, respectively. Within this volume, I uncovered a short ratio vertical put spread, with the trader betting on XRT to hold above the 26 level through option expiration on July 17. The ETF is currently hovering near $26.16 per share, making this play neutral-to-bullish in nature.
Specifically, a block of 25,000 contracts traded at 11:54 Eastern time on XRT's July 22 put for the ask price of $0.05. This block traded on the Chicago Board Options Exchange (CBOE), and was marked "spread." The other half of this position is located on XRT's July 24 put, where a block of 50,000 contract changed hands at the same time on the same exchange for the bid price of $0.10.
To continue reading this article, click here: http://www.schaeffersresearch.com/marketcenters/optionscenter/default1.aspx?id=93942&source=businesswire
Joseph Hargett, 513-589-3800
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here