Traders See Bullish Options Activity Consumer Discretionary SPDR (ETF)

 Traders See Bullish Options Activity Consumer Discretionary SPDR (ETF)

In today’s session Consumer Discretionary SPDR (ETF) (XLY) registered an unusually high (238) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious XLY increase. With 238 contracts traded and 9944 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: XLY161216C00084000 closed last at: $0.42 or 10.5% up. The ETF decreased 0.35% or $0.28 on October 4, hitting $79.71. Consumer Discretionary SPDR (ETF) (NYSEARCA:XLY) has risen 4.69% since March 1, 2016 and is uptrending. It has underperformed by 4.56% the S&P500.

Consumer Discretionary Select Sector SPDR Fund seeks to provide investment results that correspond generally to the price and yield performance of the Consumer Discretionary Select Sector Index . The ETF has a market cap of $9.53 billion. The Index includes companies from the following industries, media; retail (specialty, multiline, Internet and catalog); hotels, restaurants and leisure; textiles, apparel and luxury goods; household durables; automobiles; auto components; distributors; leisure equipment and products; and diversified consumer services. It has a 10.64 P/E ratio.

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