Financial Select Sector (XLF) January 16 puts active on volatility of 24 on Massachusetts ruling

Financial Select Sector (NYSE: XLF) is recently down 29c to $16.08 after U.S. Bancorp (USB) and Wells Fargo (WFC) lost a foreclosure case in Massachusetts's highest court, according to Bloomberg. January put option implied volatility is at 24, March is at 27; versus its six-month average of 26 according to Track Data. XLF January 16 puts are active.

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