What’s Ahead for Health Care SPDR (ETF) After Today’s Bearish Options Activity?


 What's Ahead for Health Care SPDR (ETF) After Today's Bearish Options Activity?

In today’s session Health Care SPDR (ETF) (XLV) recorded an unusually high (5,279) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious XLV decrease. With 5,279 contracts traded and 143354 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: XLV161118P00069000 closed last at: $1.22 or 15.1% up. Health Care SPDR (ETF) (NYSEARCA:XLV) has risen 3.20% since March 15, 2016 and is uptrending. It has underperformed by 2.29% the S&P500.

Health Care Select Sector SPDR Fund seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The ETF has a market cap of $12.39 billion. The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500). It has a 5.43 P/E ratio. The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.

XLV Company Profile

Health Care Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Health Care Select Sector of the S&P 500 Index (the Index). The Index includes companies whose primary business may include healthcare equipment and supplies, healthcare services, biotechnology and pharmaceuticals.

More notable recent Health Care SPDR (ETF) (NYSEARCA:XLV) news were published by: Benzinga.com which released: “Todd Gordon’s Health Care SPDR ETF Trade” on October 11, 2016, also Etfdailynews.com with their article: “Options Activity Shows Traders are Betting on a Recovery for This Health Care ETF” published on August 31, 2016, Fool.com published: “The 5 Best Healthcare ETFs” on June 26, 2016. More interesting news about Health Care SPDR (ETF) (NYSEARCA:XLV) were released by: Nasdaq.com and their article: “ETF Preview: ETFs, Futures Point Higher on CPI Data, Upbeat Earnings from …” published on October 18, 2016 as well as Fool.com‘s news article titled: “Last Month’s Best Healthcare ETF” with publication date: March 05, 2016.

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