Posts Tagged ‘Hedge’

Option Butterfly Spread Being Used As A Hedge

Option Butterfly Spread: A friend emailed me the following. It was taken from an email commentary sent out by “The biggest options trade in the market so far Wednesday (1-12-11) is a block of 80,000 February 121 puts on the SPDR 500 Trust (SPY). The so-called “Spyders” is an exchange-traded fund that holds all…

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