Could SPDR KBW Regional Banking (ETF) See a Reversal After Today’s Strong Options Activity?

 Could SPDR KBW Regional Banking (ETF) See a Reversal After Today's Strong Options Activity?

In today’s session SPDR KBW Regional Banking (ETF) (KRE) registered an unusually high (8,342) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious KRE increase. With 8,342 contracts traded and 64994 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: KRE170120C00045000 closed last at: $1.09 or 13.5% up. SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE) has risen 15.33% since March 29, 2016 and is uptrending. It has outperformed by 11.85% the S&P500.

SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. The ETF has a market cap of $1.98 billion. The Company’s approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. It currently has negative earnings. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.

KRE Company Profile

SPDR KBW Regional Banking ETF (the Fund), formerly KBW Regional Banking ETF, is a non-diversified investment company. The Fund seeks to replicate as closely as possible the performance of the KBW Regional Banking Index (the Index). The Fund has entered into an investment advisory agreement with SSgA Funds Management, Inc.

More notable recent SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE) news were published by: Investorplace.com which released: “Bank Stocks Are Better Off If Hillary Clinton Beats Donald Trump” on October 24, 2016, also Benzinga.com with their article: “Guess What? It’s Time For Bank ETFs” published on December 15, 2015, Etfdb.com published: “ProShares Launches Inverse, Leveraged Regional Bank ETFs” on April 22, 2010. More interesting news about SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE) were released by: Fool.com and their article: “Why SVB Financial Group Shares Jumped 11% in August” published on September 15, 2016 as well as Thestreet.com‘s news article titled: “Bank on First Horizon Stock” with publication date: October 17, 2016.

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