Call buyer in Retail ETF hits triple, rolls up to higher strike
Call buyer in Retail ETF hits triple, rolls up to higher strike. Shares of XRT are up 53c, or 1.3%, to $40.08 this morning as optimism on trade lifts equities, with a large spread on the NYSE-Arca where a customer sold 20K Sep 6th 40/40.5 call spread for 25c as shares traded near morning highs at $40.34. Purchase of the 40.5 strike for 53c is opening, while the 40 call sale at 78c appears to exit a block of the same size bought yesterday for 25c with the underlying nearly $1 lower. Today's roll appears to take $500K in profits off the table, while letting the initial $500K premium ride for one more week. Sep 6th 40.5 strike calls expire in 8 days and are currently 1% above spot.