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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