Could Materials Select Sector SPDR Change Direction After Today’s Bullish Options Activity?

 Could Materials Select Sector SPDR Change Direction After Today's Bullish Options Activity?

In today’s session Materials Select Sector SPDR (XLB) registered an unusually high (183) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious XLB increase. With 183 contracts traded and 5274 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: XLB170120C00049000 closed last at: $0.47 or 9.3% up. Materials Select Sector SPDR (NYSEARCA:XLB) has risen 3.87% since March 29, 2016 and is uptrending. It has outperformed by 0.39% 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 $2.84 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: “Charts Show Volatility Reigns Over All S&P Sectors” on October 31, 2016, also Forbes.com with their article: “Friday Sector Laggards: Materials, Industrial” published on October 07, 2016, Forbes.com published: “Wednesday Sector Laggards: Materials, Healthcare” on August 24, 2016. More interesting news about Materials Select Sector SPDR (NYSEARCA:XLB) were released by: Seekingalpha.com and their article: “Stocks Gaining Energy” published on October 11, 2016 as well as Thestreet.com‘s news article titled: “Charts Show the Bear Is Stalking 11 S&P 500 Sectors” with publication date: October 24, 2016.

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