Will SPDR Dow Jones Industrial Average ETF Go Down Anytime Soon? Option Trader Believe So

 Will SPDR Dow Jones Industrial Average ETF Go Down Anytime Soon? Option Trader Believe So

In today’s session SPDR Dow Jones Industrial Average ETF (DIA) recorded an unusually high (322) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious DIA decrease. With 322 contracts traded and 9144 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: DIA161118P00185000 closed last at: $4.75 or 15.9% down. The ETF decreased 0.46% or $0.84 during the last trading session, hitting $181.48. SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) has risen 8.19% since March 1, 2016 and is uptrending. It has underperformed by 1.05% the S&P500.

SPDR Dow Jones Industrial Average ETF Trust is a unit investment, which issues securities called trust units or units. The ETF has a market cap of $12.32 billion. The Trust seeks to provide investment results that, before expenses, generally correspond to the price and yields performance of the Dow Jones Industrial Average. It has a 22.57 P/E ratio.

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