What Could Be Propelling SPDR Dow Jones Industrial Average ETF to Decrease?

 What Could Be Propelling SPDR Dow Jones Industrial Average ETF to Decrease?

In today’s session SPDR Dow Jones Industrial Average ETF (DIA) recorded an unusually high (527) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious DIA decrease. With 527 contracts traded and 9104 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: DIA161118P00174000 closed last at: $1.61 or 11% up. SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) has risen 5.15% since March 14, 2016 and is uptrending. It has underperformed by 0.46% the S&P500.

SPDR Dow Jones Industrial Average ETF Trust is a unit investment, which issues securities called trust units or units. The ETF has a market cap of $11.66 billion. The Trust seeks to provide investment results that, before expenses, generally correspond to the price and yields performance of the Dow Jones Industrial Average. It has a 22.48 P/E ratio.

DIA Company Profile

Diamonds Trust, Series 1 (the Trust) is a unit investment trust. The Trust was created to provide investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities consisting of substantially all of the component common stocks, which comprise the Dow Jones Industrial Average (the DJIA). The Trust’s objective is to provide investment results that, before expenses, generally correspond to the price and yield performance of the DJIA.

More notable recent SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) news were published by: Nasdaq.com which released: “SPDR Dow Jones Industrial Average ETF Experiences Big Outflow” on October 03, 2016, also Etfdailynews.com with their article: “One Strategy to Trade the Dow Before Its Big Meltdown” published on October 15, 2016, Etfdailynews.com published: “A Deeper Look Into the Only Dow Jones Industrials ETF” on September 23, 2016. More interesting news about SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) were released by: Etfdailynews.com and their article: “Is Weak Margin Debt Signaling a Market Crash?” published on October 11, 2016 as well as Etfdailynews.com‘s news article titled: “HSBC Says Stocks are on “Red Alert” for a Major Crash” with publication date: October 12, 2016.

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