Materials Select Sector Fd (XLB) spreader active in August options

Materials Select Sector Fd (NYSE: XLB) 30-day option implied volatility is at 15; compared to its 52-week range of 12 to 22 amid a spreader of August 80 puts, 85 puts, 90 puts, August 92 calls, August 94 calls, August 97 calls and August 99 calls.

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