Mystery trader makes nearly $2 million bet against financials
May 08, 2019 at 13:59 PM EDT
The wave of volatility that washed over the markets to begin the week took a chunk out of the financials. Despite the losses, the XLF is up more than 15% this year and outpacing the S&P 500 – but that isn't stopping one options trader from making a big-time bet against the financials.