Financial Select Sector SPDR Fund on Focus After Bearish Options Activity

 Financial Select Sector SPDR Fund on Focus After Bearish Options Activity

In today’s session Financial Select Sector SPDR Fund (XLF) recorded an unusually high (2,248) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious XLF decrease. With 2,248 contracts traded and 3964 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: XLF170120P00016000 closed last at: $0.18 or 14.3% down. The stock increased 0.42% or $0.08 during the last trading session, hitting $19.29. Financial Select Sector SPDR Fund (NYSEARCA:XLF) has risen 8.47% since March 1, 2016 and is uptrending. It has underperformed by 0.77% the S&P500.

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