Options volume was led by some SPDR Financial Select Sector Fund ETF (XLF) call action instead of the put action we saw on Monday. XLF tried to get going last week and failed miserably. It is still struggling as it closed at $28.31.
Today the call buyers came in and bought the October $29 Call for $0.18 as well as the October $30 Call for $0.03 which are long shot bets as $29 and $30 have not been seen since March.
The iShares Russell 2000 ETF (IWM) which rose 0.15% and is back under $171 at $170.03 saw November $170 and $160 puts purchase for $3.19 and $0.95. A call buyer did purchase the March $14 calls for $0.30.
Last the iShares MSCI Emerging Market Index ETF (EEM) September Wk4 $43.50 and $44 calls were active for $0.15 and $05. This seems like a crazy bet as it will expire in three trading days. Talk about a long shot as EEM closed at $42.91.
In the daily update the boys mentioned a great call in CLF from 9/20 but forgot to mention that they recommended calls in MT and FDX that are losing money.
Then they mentioned winners on 9/14 from XLE and ACAD but forget to mention that they recommended SFIX on the call side but this name has fallen out of bed.