Consumer Discretionary SPDR (ETF) Draws Bearish Options Activity Today

 Consumer Discretionary SPDR (ETF) Draws Bearish Options Activity Today

In today’s session Consumer Discretionary SPDR (ETF) (XLY) recorded an unusually high (1,011) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious XLY decrease. With 1,011 contracts traded and 141574 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: XLY161118P00075000 closed last at: $0.57 or 9.6% up. Consumer Discretionary SPDR (ETF) (NYSEARCA:XLY) has risen 1.68% since March 14, 2016 and is uptrending. It has underperformed by 3.94% 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 $9.20 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 10.47 P/E ratio.

XLY Company Profile

Consumer Discretionary Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Consumer Discretionary Select Sector of the S&P 500 Index (the Index). The Index includes companies from industries, such as automobiles and components, consumer durables, apparel, hotels, restaurants, leisure, media and retailing.

More notable recent Consumer Discretionary SPDR (ETF) (NYSEARCA:XLY) news were published by: Thestreet.com which released: “What Are the Best Sector ETFs? Energy, Technology, Transportation” on October 17, 2016, also Seekingalpha.com with their article: “Valuation Dashboard: Consumer Discretionary – Update” published on October 05, 2016, Seekingalpha.com published: “The Consumer Discretionary Sector Is Overvalued” on September 21, 2016. More interesting news about Consumer Discretionary SPDR (ETF) (NYSEARCA:XLY) were released by: Nasdaq.com and their article: “The Zacks Analyst Blog Highlights: Financial Select Sector SPDR ETF …” published on September 13, 2016 as well as Fool.com‘s news article titled: “Best Consumer Discretionary Stocks for 2016” with publication date: October 13, 2016.

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