Financial Select Sector SPDR (XLF) Lights Up Ahead of Major Earnings

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October 13, 2009 10:09am NYSE:XLF

etf-news7The XLF financial exchange-traded fund lit up our screens with large upside activity yesterday ahead of major earnings reports this week. The call buying in the Financial Select Sector SPDR (XLF), which tracks the S&P 500’s biggest financial names, may


 represent some optimistic positioning ahead of third-quarter results. The ETF saw some huge positioning in the November 16 calls.

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