SPDR Homebuilders (XHB) puts active on low volatility following weak home price data

SPDR Homebuilder (NYSE: XHB) is recently up 17c to $18.87. Out of the money June 17 and 18 puts are active following data from Case-Shiller which showed home prices in 20 U.S. cities in March dropped to their lowest level in seven-years. June put option implied volatility is at 19, July is at 17, September is at 22, below its six-month average of 31 according to Track Data, suggesting decreasing price movement.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Novavax (NVAX) 11K contracts of August 28 weekly 9 calls trade, share price up 8.8%
• Merck (MRK) call put ratio 1.4 calls to 1 put into INTerpath-001 trial results
• Deere & Co. (DE) call put ratio 1 call to 1.7 puts into quarter results