After Today’s Bearish Options Activity, Is Utilities SPDR (ETF)’s Near-Term Analysis Positive?


 After Today's Bearish Options Activity, Is Utilities SPDR (ETF)'s Near Term Analysis Positive?

In today’s session Utilities SPDR (ETF) (XLU) recorded an unusually high (2,800) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious XLU decrease. With 2,800 contracts traded and 354 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: XLU170317P00042000 closed last at: $0.62 or 1.6% up. Utilities SPDR (ETF) (NYSEARCA:XLU) has risen 4.84% since March 1, 2016 and is uptrending. It has underperformed by 4.40% the S&P500.

Select Sector Utilities Select Sector SPDR Fund , formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The ETF has a market cap of $7.26 billion. The Index includes companies from industries, such as electric utilities, multi-utilities, independent power producers and energy traders, and gas utilities. It has a 15.05 P/E ratio. The Fund utilizes a passive or indexing investment approach to attempt to approximate the investment performance of the Index.

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