Wall Street is playing on a strong start to holiday retail on the options markets.
Volatility across all asset classes and industries fell last week, aside from retailers. The cost of options on the SPDR S&P Retail ETF (XRT) - Get Report rose as the fund notched a weekly loss and experienced outflows, according to data from Bloomberg.
The loss came despite gains from companies including Amazon.com Inc. (AMZN) - Get Report and Macy's Inc. (M) - Get Report on Black Friday. Adobe Analytics found that Black Friday and Thanksgiving Day online sales jumped 17.9% over last year to a record $7.9 billion for 2017. The firm forecasts Cyber Monday, on Nov. 27, could become the largest U.S. online shopping day ever with $6.6 billion in total sales.
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Bets being made on retail now could be either big winners or big losers once the chips fall after the holidays. The retail exchange traded fund dipped 0.43% at the market close Friday, down 5.8% since the start of the year.
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