Will Energy Select Sector SPDR (ETF) Go Down Anytime Soon? Option Trader Believe So

 Will Energy Select Sector SPDR (ETF) Go Down Anytime Soon? Option Trader Believe So

In today’s session Energy Select Sector SPDR (ETF) (XLE) recorded an unusually high (5,012) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious XLE decrease. With 5,012 contracts traded and 99664 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: XLE161216P00066000 closed last at: $1.34 or 8.9% up. Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) has risen 12.67% since March 14, 2016 and is uptrending. It has outperformed by 7.06% the S&P500.

Energy Select Sector SPDR Fund seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index). The ETF has a market cap of $15.01 billion. The Index includes companies from the following industries oil, gas and consumable fuels, and energy equipment and services. It currently has negative earnings.

XLE Company Profile

Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Energy Select Sector of the S&P 500 Index (the Index). The Index includes companies that primarily develop and produce natural gas and crude oil, and provide drilling and other energy-related services.

More notable recent Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) news were published by: Investorplace.com which released: “Energy Select Sector SPDR (ETF) (XLE): A Buy Signal You Can’t Miss” on September 29, 2016, also Benzinga.com with their article: “Dan Nathan Sees Unusual Options Activity In Energy Select Sector SPDR ETF” published on September 28, 2016, Etfdailynews.com published: “T. Boone Pickens Blames Obama for Energy Sector Woes” on September 23, 2016. More interesting news about Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) were released by: Etfdailynews.com and their article: “Energy Markets Still Shaky, Regardless of OPEC Agreement” published on September 29, 2016 as well as Etfdailynews.com‘s news article titled: “Energy Market Vulnerable to Electric Vehicle Revolution” with publication date: October 02, 2016.

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