Despite a slight decline in the S & P 500 since Thursday's close, the financial sector is essentially unchanged as I write this.
Risk premiums, as implied by options prices on Financial Select SPDR (XLF) vs. SPDR S & P 500 ETF Trust (SPY) , have also narrowed.
Put prices on the S & P 500 are slightly higher and put prices in financials are slightly lower.
The most active contract, the October $285 calls, traded 445 contracts (44,500 shares worth) at an average price of $6.26/contract.
DISCLOSURES: (Owns ISRG calls) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .
Persons:
Let's, Banks, financials, SPDR, we've, Wednesday's outperformance
Organizations:
Bank of America, Bank of, Trust, JPMorgan
Locations:
financials