Traders Got Bearish on Homebuilder ETFs Ahead of Fed Rate Hike

The SPDR S&P Homebuilders ETF (NYSEArca: XHB) is up 14.3% year-to-date and the popular homebuilders exchange traded fund jumped more than 2% ahead of this week’s Federal Reserve meeting, but some traders took bearish options positions in XHB ahead of the Fed meeting. On Tuesday, puts options in XHB were “crossing at 22 times the…Click to read more at