SPDR KBW Bank (ETF)’s Trend Up, Especially After This Options Activity

 SPDR KBW Bank (ETF)'s Trend Up, Especially After This Options Activity

In today’s session SPDR KBW Bank (ETF) (KBE) registered an unusually high (3,303) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious KBE increase. With 3,303 contracts traded and 52294 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: KBE161021C00034000 closed last at: $0.75 or 50% up. SPDR KBW Bank (ETF) (NYSEARCA:KBE) has risen 10.50% since March 4, 2016 and is uptrending. It has outperformed by 2.46% the S&P500.

SPDR KBW Bank ETF, formerly The SPDR S&P Bank ETF , seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The ETF has a market cap of $2.47 billion. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts. It has a 6.48 P/E ratio. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).

KBE Company Profile

SPDR KBW Bank ETF (the Fund), formerly KBW Bank ETF, seeks to replicate as closely as possible the performance of the KBW Bank Index (the Index). The Index is a float-adjusted, modified-market capitalization weighted index of geographically diverse companies representing national money center banks and regional banking institutions listed on United States stock markets. It is created and maintained by Keefe, Bruyette & Woods, Inc.

More notable recent SPDR KBW Bank (ETF) (NYSEARCA:KBE) news were published by: Etftrends.com which released: “ETF Spotlight: SPDR KBW Bank ETF (KBE)” on June 16, 2011, also Benzinga.com with their article: “Guess What? It’s Time For Bank ETFs” published on December 15, 2015, Etfdailynews.com published: “This Regional Banking ETF is Seeing Big Inflows This Week” on September 14, 2016. More interesting news about SPDR KBW Bank (ETF) (NYSEARCA:KBE) were released by: Benzinga.com and their article: “3 Financial ETFs Exploding Higher On Stress Test News” published on March 13, 2015 as well as Benzinga.com‘s news article titled: “Banking, Consumer Discretionary And Corporate Bond ETFs To Watch This Week” with publication date: July 12, 2015.

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