Utilities SPDR (ETF) Can Burn Your Long Portfolio. Option Traders Are Bearish

 Utilities SPDR (ETF) Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session Utilities SPDR (ETF) (XLU) recorded an unusually high (368) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious XLU decrease. With 368 contracts traded and 56454 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: XLU161216P00050000 closed last at: $2.89 or 5.9% up. Utilities SPDR (ETF) (NYSEARCA:XLU) has declined 1.48% since April 5, 2016 and is downtrending. It has underperformed by 3.44% the S&P500.

Select Sector Utilities Select Sector SPDR Fund , formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The ETF has a market cap of $7.68 billion. The Index includes companies from industries, such as electric utilities, multi-utilities, independent power producers and energy traders, and gas utilities. It has a 15.58 P/E ratio. The Fund utilizes a passive or indexing investment approach to attempt to approximate the investment performance of the Index.

XLU Company Profile

Select Sector Utilities Select Sector SPDR Fund (the Fund), formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The Index includes companies that produce, generate, transmit or distribute electricity or natural gas.

More important recent Utilities SPDR (ETF) (NYSEARCA:XLU) news were published by: Investorplace.com which released: “Why the Utilities SPDR (ETF) Will Finally Crack (XLU)” on October 20, 2016, also Investorplace.com published article titled: “Watch Out! The Utilities SPDR (ETF) (XLU) Looks Overcooked!”, Benzinga.com published: “Carter Worth And Mike Khouw’s Utilities SPDR ETF Trade” on October 16, 2016. More interesting news about Utilities SPDR (ETF) (NYSEARCA:XLU) was released by: Etfdailynews.com and their article: “Warren Buffett’s Low-Risk Utilities Bet is Paying Off” with publication date: September 10, 2016.

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