Some Traders See Unusual Bearish Options Activity in Utilities SPDR (ETF)

 Some Traders See Unusual Bearish Options Activity in Utilities SPDR (ETF)

In today’s session Utilities SPDR (ETF) (XLU) recorded an unusually high (14,293) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious XLU decrease. With 14,293 contracts traded and 51034 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: XLU161118P00049000 closed last at: $1.61 or 20.3% down. Utilities SPDR (ETF) (NYSEARCA:XLU) has declined 0.95% since March 14, 2016 and is downtrending. It has underperformed by 6.57% the S&P500.

Select Sector Utilities Select Sector SPDR Fund , formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The ETF has a market cap of $7.35 billion. The Index includes companies from industries, such as electric utilities, multi-utilities, independent power producers and energy traders, and gas utilities. It has a 15.21 P/E ratio. The Fund utilizes a passive or indexing investment approach to attempt to approximate the investment performance of the Index.

XLU Company Profile

Select Sector Utilities Select Sector SPDR Fund (the Fund), formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The Index includes companies that produce, generate, transmit or distribute electricity or natural gas.

More notable recent Utilities SPDR (ETF) (NYSEARCA:XLU) news were published by: Benzinga.com which released: “Carter Worth And Mike Khouw’s Utilities SPDR ETF Trade” on October 16, 2016, also Investorplace.com with their article: “Utilities SPDR (ETF) (XLU) Could Be a Strong Buy Soon” published on September 20, 2016, Thestreet.com published: “Trade These Negative Charts for Treasury Bonds, Gold and Utilities” on October 17, 2016. More interesting news about Utilities SPDR (ETF) (NYSEARCA:XLU) were released by: Investorplace.com and their article: “Watch Out! The Utilities SPDR (ETF) (XLU) Looks Overcooked!” published on July 11, 2016 as well as Etfdailynews.com‘s news article titled: “These Safe Haven ETFs Are Selling Off Big” with publication date: October 09, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment