Benzinga | Mar 9, 2021 10:43AM EST

Bonawyn Eison Sees Unusual Activity In SPDR S&P Retail ETF

On CNBC's "Options Action," Bonawyn Eison spoke about unusually high options activity in SPDR S&P Retail ETF (NYSE:XRT). He noticed that the ETF traded sharply higher on Monday and it's very unusual for a well-diversified ETF to move like that.

The most active option on Monday was the March 12, $90 strike call. Around 2,000 contracts were traded for $1.25. The trade breaks even at $91.25 or around 5.3% above the closing price on Monday.