Is Buying SPDR KBW Regional Banking (ETF) Here a Winning Strategy? Option Traders Like The Stock

 Is Buying SPDR KBW Regional Banking (ETF) Here a Winning Strategy? Option Traders Like The Stock

In today’s session SPDR KBW Regional Banking (ETF) (KRE) registered an unusually high (254) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious KRE increase. With 254 contracts traded and 11054 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: KRE161118C00044000 closed last at: $0.68 or 20% down. SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE) has risen 14.34% since March 10, 2016 and is uptrending. It has outperformed by 6.82% the S&P500.

SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. The ETF has a market cap of $1.82 billion. The Company’s approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. It currently has negative earnings. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.

KRE Company Profile

SPDR KBW Regional Banking ETF (the Fund), formerly KBW Regional Banking ETF, is a non-diversified investment company. The Fund seeks to replicate as closely as possible the performance of the KBW Regional Banking Index (the Index). The Fund has entered into an investment advisory agreement with SSgA Funds Management, Inc.

More notable recent SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE) news were published by: Etfdailynews.com which released: “This Regional Banking ETF is Seeing Big Inflows This Week” on September 14, 2016, also Benzinga.com with their article: “Guess What? It’s Time For Bank ETFs” published on December 15, 2015, Realmoney.Thestreet.com published: “3 Regional Banks to Bank On” on September 02, 2016. More interesting news about SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE) were released by: Benzinga.com and their article: “Here We Go Again: Some Traders Are Betting On A Regional Bank ETF” published on September 15, 2016 as well as Etfdb.com‘s news article titled: “ProShares Launches Inverse, Leveraged Regional Bank ETFs” with publication date: April 22, 2010.

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