Could Market Vectors-Coal ETF Increase After Today’s Tip From Option Traders?

 Could Market Vectors Coal ETF Increase After Today's Tip From Option Traders?

In today’s session Market Vectors-Coal ETF (KOL) recorded an unusually high (725) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious KOL decrease. With 725 contracts traded and 4464 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: KOL170120P00012000 closed last at: $0.55 or 22.2% up. Market Vectors-Coal ETF (NYSEARCA:KOL) has risen 63.24% since April 13, 2016 and is uptrending. It has outperformed by 59.31% the S&P500.

Market Vectors-Coal ETF seeks to replicate as closely as possible the price and yield return performance of the Stowe Coal Index (COAL or the Index) by investing in a portfolio of securities that generally replicates COAL. The ETF has a market cap of $56.76 million. COAL, calculated and maintained by Standard & Poor’s Custom Indices on behalf of Stowe Global Indexes LLC, is a rules-based, modified capitalization-weighted, float-adjusted index consisting of publicly traded companies worldwide that are engaged in the coal industry. It currently has negative earnings. The Index provides exposure to publicly traded companies worldwide that derive greater than 50% of their revenues from the coal industry with market cap exceeding $200 million and should have three-month average daily turnover greater than $1 million.

KOL Company Profile

Market Vectors-Coal ETF’s (the Fund) investment objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the Stowe Coal Index (the Coal Index). Van Eck Associates Corporation is the investment adviser to The Fund.

More notable recent Market Vectors-Coal ETF (NYSEARCA:KOL) news were published by: Etfdailynews.com which released: “Will Trump Save The U.S. Coal Industry?” on November 14, 2016, also Marketwatch.com with their article: “VanEck Vectors Coal ETF” published on June 16, 2010, Etfdailynews.com published: “Morgan Stanley & GE Get Bullish on Coal” on August 24, 2016. More interesting news about Market Vectors-Coal ETF (NYSEARCA:KOL) were released by: Etfdailynews.com and their article: “Inside The Inevitable Decline Of U.S. Coal” published on October 16, 2016 as well as Benzinga.com‘s news article titled: “The Stock Market Is Loving A Potential Clinton Victory” with publication date: November 07, 2016.

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