Major Move Is Coming For Consumer Discretionary SPDR (ETF) After Bullish Options Activity

 Major Move Is Coming For Consumer Discretionary SPDR (ETF) After Bullish Options Activity

In today’s session Consumer Discretionary SPDR (ETF) (XLY) registered an unusually high (300) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious XLY increase. With 300 contracts traded and 18494 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: XLY161216C00080000 closed last at: $0.58 or 13.4% down. Consumer Discretionary SPDR (ETF) (NYSEARCA:XLY) has declined 1.80% since April 5, 2016 and is downtrending. It has underperformed by 3.76% the S&P500.

Consumer Discretionary Select Sector SPDR Fund seeks to provide investment results that correspond generally to the price and yield performance of the Consumer Discretionary Select Sector Index . The ETF has a market cap of $9.17 billion. The Index includes companies from the following industries, media; retail (specialty, multiline, Internet and catalog); hotels, restaurants and leisure; textiles, apparel and luxury goods; household durables; automobiles; auto components; distributors; leisure equipment and products; and diversified consumer services. It has a 10.46 P/E ratio.

XLY Company Profile

Consumer Discretionary Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Consumer Discretionary Select Sector of the S&P 500 Index (the Index). The Index includes companies from industries, such as automobiles and components, consumer durables, apparel, hotels, restaurants, leisure, media and retailing.

More recent Consumer Discretionary SPDR (ETF) (NYSEARCA:XLY) news were published by: Seekingalpha.com which released: “Valuation Dashboard: Consumer Discretionary – Update” on October 05, 2016. Also Seekingalpha.com published the news titled: “The Consumer Discretionary Sector Is Overvalued” on September 21, 2016. Nasdaq.com‘s news article titled: “ETF Preview: ETFs, Futures In Positive Territory as FBI Clears Clinton Again …” with publication date: November 07, 2016 was also an interesting one.

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