Could Materials Select Sector SPDR Gain Strenght? Option Traders Don’t Think So

 Could Materials Select Sector SPDR Gain Strenght? Option Traders Don't Think So

In today’s session Materials Select Sector SPDR (XLB) recorded an unusually high (15,053) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious XLB decrease. With 15,053 contracts traded and 151514 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: XLB161118P00046000 closed last at: $1.04 or 9.5% up. Materials Select Sector SPDR (NYSEARCA:XLB) has risen 5.03% since March 14, 2016 and is uptrending. It has underperformed by 0.58% the S&P500.

Materials Select Sector SPDR Fund seeks to provide investment results that correspond generally to the price and yield performance of the Materials Select Sector Index (the Index). The company has a market cap of $2.79 billion. The Index includes companies involved in such industries as chemicals; metals and mining; paper and forest products; containers and packaging, and construction materials. It currently has negative earnings.

XLB Company Profile

Materials Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Materials Select Sector of the S&P 500 Index (the Index). The Index includes companies primarily involved in industries, such as chemicals, construction materials, containers and packaging, metals and mining, and paper and forest products.

More notable recent Materials Select Sector SPDR (NYSEARCA:XLB) news were published by: Thestreet.com which released: “What Are the Best Sector ETFs? Energy, Technology, Transportation” on October 17, 2016, also Forbes.com with their article: “Wednesday Sector Laggards: Materials, Healthcare” published on August 24, 2016, Seekingalpha.com published: “Stocks Gaining Energy” on October 11, 2016. More interesting news about Materials Select Sector SPDR (NYSEARCA:XLB) were released by: Forbes.com and their article: “Friday Sector Laggards: Materials, Industrial” published on October 07, 2016 as well as Forbes.com‘s news article titled: “Thursday Sector Leaders: Materials, Services” with publication date: October 06, 2016.

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