Consumer Staples Select Sect. SPDR (ETF) Has More Gas To Decrease After Today’s Bearish Options Activity

 Consumer Staples Select Sect. SPDR (ETF) Has More Gas To Decrease After Today's Bearish Options Activity

In today’s session Consumer Staples Select Sect. SPDR (ETF) (XLP) recorded an unusually high (31,260) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious XLP decrease. With 31,260 contracts traded and 423164 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: XLP161021P00052000 closed last at: $0.27 or 10% down. Consumer Staples Select Sect. SPDR (ETF) (NYSEARCA:XLP) has declined 0.10% since March 14, 2016 and is downtrending. It has underperformed by 5.71% the S&P500.

Consumer Staples Select Sector SPDR Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Consumer Staples Select Sector Index (the Index).The Fund typically invests in substantially all of the securities represented in the Index in approximately the same proportions as the Index. The ETF has a market cap of $8.88 billion. Under normal market conditions, the Fund generally invests substantially all, but at least 95%, of its total assets in the securities consisting of the Index. It has a 7.65 P/E ratio. In addition, the Fund may invest in cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by SSgA Funds Management, Inc. (SSgA FM).

XLP Company Profile

Consumer Staples Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Consumer Staples Select Sector of the S&P 500 Index (the Index). The Index includes companies that are primarily involved in the development and production of consumer products that cover food and drug retailing, beverages, food products, tobacco, household products and personal products.

More notable recent Consumer Staples Select Sect. SPDR (ETF) (NYSEARCA:XLP) news were published by: Nasdaq.com which released: “ETF Preview: ETFs, Futures Lower As Street Mulls Drop in Empire State Index …” on October 17, 2016, also Nasdaq.com with their article: “Consumer Staples Select Sector SPDR Fund (XLP) Enters Oversold Territory” published on September 09, 2016, Seekingalpha.com published: “Valuation Dashboard: Consumer Staples – Update” on October 05, 2016. More interesting news about Consumer Staples Select Sect. SPDR (ETF) (NYSEARCA:XLP) were released by: Seekingalpha.com and their article: “Consumer Staples Are No Longer Attractive” published on June 02, 2016 as well as Benzinga.com‘s news article titled: “A Rare Bearish Call On A High-Flying Staples ETF” with publication date: July 07, 2016.

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