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 $7.23 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 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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