“Top XLF trades include the recent purchase of about 16,000 XLF December $24.50 calls that expire Dec. 4 for 24 cents when the ETF was around $24. XLF has ticked up slightly and was recently trading at $24.30.
Other notable XLF trades include an investor buying 32,000 December $25 calls and 40,000 November $24.50 calls. If the fund rises, the calls will increase in value,” reports Steven Sears for Barron’s.
“Higher rates also can boost banks by increasing margins, though that applies to rates rising in a stronger economy, which presumably would be the case,” according to CNBC.
Financial Services Select Sector SPDR
