Whether or not these moves will save BofA remains to be seen. We are seeing big moves in the key ETFs of the Financial Select Sector SPDR (NYSE: XLF) and particularly in the Direxion Daily Financial Bull 3X Shares (NYSE: FAS) in …
SPY puts for $1.10, selling 200,000 July $90 SPY puts for 15 cents and buying 150,000 July $85 SPY puts for 10 cents, paying 91 cents for the package, or $4.55 million in absolute terms. "In terms of motivation, this position is likely being …
The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.
An exchange-traded fund (ETF) in the financial arena that is worth highlighting is the Financial Select Sector SPDR ETF (XLF), which tracks a market-capitalization-weighted index of S&P 500 financial stocks. As a result, in contrast to two …