Options Traders See More Downside in Bank ETF
June 06, 2011 at 07:29 AM EDT
Bank exchange traded funds have been hammered lately by weak economic data and reduced investor appetite for risk. Recent action suggests options traders are leaning toward further downside in bank ETFs that invest in big lenders such as JP Morgan (NYSE: JPM) and Citigroup (NYSE: C). SPDR KBW Bank...
