Pravit Chintawongvanich

The Fed's forward guidance at its June meeting signaled a slower pace of future rate hikes, and hence less likelihood for sudden downside in the ETF. This may also explain the drop in hedging activity.

Pravit Chintawongvanich

After the huge drop in the stock on earnings, many investors have been buying calls in anticipation of a rebound, not specifically expecting this deal.

Pravit Chintawongvanich