Also, recent options trading in XLF points to “some concern in the financial sector as far as additional potential downside,” said Paul Weisbruch, head of ETF/options sales and trading at Street One Financial. There has been some renewed buying downside puts in XLF this week, he notes.
The heavy XLF put volume “suggests the big money is betting that more downside is ahead,” writes Chad Karnes at ETF Guide.
Financial Select Sector SPDR
