Health Care ETF Draws Bearish Trade
With the health care reform debate still going strong in Washington and weighing on related stocks in the process, the Health Care Select Sector SPDR (NYSE: XLV) is home to some bearish options trade today as 6,500 January 2011 29 puts were purchased earlier today against open interest of less than 4,100 contracts.
This single trade on its own equals the total average daily options activity in XLV. XLV's top constituents are Dow components Johnson & Johnson (NYSE: JNJ) and Pfizer (NYSE: PFE).
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