Trade of the Week: XLF

Financial Sector, Options, Videos


On the day of the FOMC meeting results last week, there was quite a bit of unusual options activity in Financial Select Sectors SPDR Fund (XLF). XLF, the most heavily traded financial sector ETF, traded about 2.5x its normal options volume.

67% of the activity was in calls, which is generally a bullish signal. The largest trade was an over 45,000 block of calls that expire on July 2nd. The short-term trade could be related to renewed investor interest in banks after comments from the central bank concerning higher rates.

Turn those stacks of rolled quarters into a Caribbean cruise

We all have spare change hiding somewhere in our house. Well, did you know there’s a new system out that helps you turn that spare change into thousands of dollars. Most Americans don’t know it exists yet, but they will. Here’s what to do with those quarters to generate extra cash.