Is The Bottom In For The Retail Sector?

ETFs, Retail Investments

It was the most challenging week in recent memory for blue chip retailers, with inflation and supply chain constraints hurting earnings and scaring away investors. Options action was mixed in Consumer Staples Select SPDR ETF (XLP), the leading retail sector ETF.  One massive put spread that traded in XLP options during the week appears to be a hedge against downside risk rather than a speculative bet.

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