In today’s session Consumer Staples Select Sect. SPDR (ETF) (XLP) registered an unusually high (909) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious XLP increase. With 909 contracts traded and 40524 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: XLP161118C00054000 closed last at: $0.6 or 27.7% up. The ETF decreased 0.85% or $0.45 on October 4, hitting $52.42. Consumer Staples Select Sect. SPDR (ETF) (NYSEARCA:XLP) has risen 2.84% since March 1, 2016 and is uptrending. It has underperformed by 6.40% the S&P500.
Consumer Staples Select Sector SPDR Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Consumer Staples Select Sector Index (the Index).The Fund typically invests in substantially all of the securities represented in the Index in approximately the same proportions as the Index. The ETF has a market cap of $8.65 billion. Under normal market conditions, the Fund generally invests substantially all, but at least 95%, of its total assets in the securities consisting of the Index. It has a 7.68 P/E ratio. In addition, the Fund may invest in cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by SSgA Funds Management, Inc. (SSgA FM).
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