SMELL THE FEAR: XLY

05/13/09 12:41PM EDT

Seeing heavy action in options market

Research Edge Position: Long Consumer Discretionary via XLY, LIZ, CROX, etc.

June $19 Puts: 37,000 contracts on ISE at 11:30. Heard paper bot 75,000 in Chicago earlier, paid offer -no print though.  110,000 open interest on the line coming in.

We are long and smelling the fear.

Fire in the hole!

Andrew Barber
Director

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.