Upside Purchased on The Retail Holders Trust (RTH)
Shares of The Retail Holders Trust (NYSE: RTH) are lower on the session by 0.34%, currently trading at $93.01. The ETF has been running lower over the past two months and is now in a technical downtrend.
Options traders are betting that the ETF could rally from here, though. The July $95 call was purchased 3,250 times on open interest of 2,484 contracts a short while ago. Call volume is now running at 6x the daily average.
The Retail Holders Trust seeks to diversify your investments in the retailing industry through a single, exchange-listed instrument representing your undivided beneficial ownership of the underlying securities. The trust holds securities issued by specified companies that, when initially selected, were in the retailing industry. Except when a reconstitution event, distribution of securities by an underlying issuer, or other event occurs, the group of companies will not change. There are currently 20 companies included in the Retail HOLDRS.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.