We have mentioned the relative leadership in the financial sector as of late and it appears that options players continue to posture themselves in a bullish manner via options.
The financial ETF closed at $14.98 yesterday, and it is also challenging May price levels. We do note that like the overall marketplace in the past several weeks, trading volume in XLF has been extraordinarily low recently when compared to average daily levels.
Financial Select Sector SPDR
Full disclosure: Tom Lydon’s clients own IYF.
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