​Sizeable XOP Calls Taken Down

Nov 6, 2014

A sizeable ratio spread trade in the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund (XOP) were taken down on Thursday afternoon in an otherwise subdued day in index and ETF options. The spread trade stood out as it was initiated with 625,000 contracts as a ratio spread made up of 250,000 XOP Jan-15 63 calls and 325,000 Jan-15 65 call spreads for a net price of USD1.87million.

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