Is Buying Stock Like Energy Select Sector SPDR (ETF) Good Idea After Today’s Bullish Options Activity?

 Is Buying Stock Like Energy Select Sector SPDR (ETF) Good Idea After Today's Bullish Options Activity?

In today’s session Energy Select Sector SPDR (ETF) (XLE) registered an unusually high (385) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious XLE increase. With 385 contracts traded and 19014 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: XLE161216C00067000 closed last at: $2.94 or 15.3% up. Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) has risen 12.57% since April 5, 2016 and is uptrending. It has outperformed by 10.62% 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 $15.03 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): This Dip Is a Buy! No Lie!” on October 28, 2016, also Thestreet.com with their article: “Oil Remains Pressured But Some Regions See Jobs Pickup As Production Stays High” published on November 04, 2016, Nasdaq.com published: “ETF Preview: ETFs, Futures In Positive Territory as FBI Clears Clinton Again …” on November 07, 2016. More interesting news about Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) were released by: Nasdaq.com and their article: “Friday Sector Laggards: Technology & Communications, Energy” published on November 04, 2016 as well as Seekingalpha.com‘s news article titled: “Paris climate accord enters into force” with publication date: November 04, 2016.

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