What’s Next for Financial Select Sector SPDR Fund After Today’s Bullish Options Activity?

 What's Next for Financial Select Sector SPDR Fund After Today's Bullish Options Activity?

In today’s session Financial Select Sector SPDR Fund (XLF) registered an unusually high (1,458) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious XLF increase. With 1,458 contracts traded and 296954 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: XLF161216C00019000 closed last at: $0.93 or 5.7% up. Financial Select Sector SPDR Fund (NYSEARCA:XLF) has risen 7.73% since April 5, 2016 and is uptrending. It has outperformed by 5.78% the S&P500.

More notable recent Financial Select Sector SPDR Fund (NYSEARCA:XLF) news were published by: Benzinga.com which released: “Dan Nathan’s Financial Select Sector SPDR Fund Hedge” on October 10, 2016, also Etfdailynews.com with their article: “Bearish Traders Are Circling This Financial ETF” published on November 04, 2016, Investorplace.com published: “The Financial Select Sector SPDR Fund (XLF) Is at a Critical Crossroad” on October 14, 2016. More interesting news about Financial Select Sector SPDR Fund (NYSEARCA:XLF) were released by: Foxbusiness.com and their article: “Options Bears Growl At This Popular Sector ETF” published on November 07, 2016 as well as Benzinga.com‘s news article titled: “Jim Strugger’s Financial Select Sector SPDR Fund Trade” with publication date: October 10, 2016.

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