Today. the healthcare etf, the XLV, and the global healthcare etf, the IXJ, both broke through major resistance. Trading on the XLV is slightly higher than normal (7.6M) but heavy volume is being seen in the at-the-money March 33 call.
Since the IXJ has no options, trading in the etf is much, much heavier. Currently, 13 times its average daily volume of 33K shares are being exchanged.
Charts of both etfs are shown below.