Printer Friendly

Size four-way put spread in SPDR Retail Trust as shares extend losses.

Size four-way put spread in SPDR Retail Trust as shares extend losses. The ETF off 23c to $41.47 and at multi-month lows after a 9.2% MTD drop. One player sells 5.8K Jun 40 - 44 put spreads for $2.21 and buys 15.7K Jul 38 - 41 put spreads for 80c. The Jun 40 - 44 ps apparently closes from 4/23 when 5.4K bought for 93c (some also opened on 4/24). The investor is covering the vertical to monetize profits, while now opening a new larger position in lower strikes in the July term. The adjustment expresses concerns about additional losses in the retail store sector in the two months ahead.

COPYRIGHT 2019 The Fly
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Fly
Date:May 24, 2019
Words:115
Previous Article:Novartis says wholesale acquisition cost of Zolgensma $2.125M.
Next Article:Ionis, Biogen slip after FDA approves Novartis' Zolgensma for SMA treatment.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters