Bullish Options Activity on SPDR S&P Metals and Mining (ETF) Surges After Better Fundamentals

 Bullish Options Activity on SPDR S&P Metals and Mining (ETF) Surges After Better Fundamentals

In today’s session SPDR S&P Metals and Mining (ETF) (XME) registered an unusually high (991) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious XME increase. With 991 contracts traded and 52014 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: XME161216C00027000 closed last at: $3.15 or 12.5% down. SPDR S&P Metals and Mining (ETF) (NYSEARCA:XME) has risen 29.75% since April 18, 2016 and is uptrending. It has outperformed by 25.32% the S&P500.

SPDR S&P Metals & Mining ETF seeks to replicate as closely as possible the performance of the S&P Metals & Mining Select Industry Index (the Index). The ETF has a market cap of $881.13 million. The Index is an equal weighted market cap index. It currently has negative earnings. The Index represents the metals and mining sub-industry portion of the S&P Total Market Index.

XME Company Profile

SPDR S&P Metals & Mining Exchange Traded Fund (The Fund) seeks to replicate as closely as possible, before expenses, the performance of an index derived from the metals and mining segment of the United States total market composite index. The Fund uses a passive management strategy designed to track the total return performance of the S&P Metals & Mining Select Industry Index (the Metals & Mining Index).

More notable recent SPDR S&P Metals and Mining (ETF) (NYSEARCA:XME) news were published by: Seekingalpha.com which released: “A Changing Of The Guard” on November 08, 2016, also Seekingalpha.com with their article: “How To Trade Industrial Metals Miners And Trading Idea” published on October 16, 2016, Seekingalpha.com published: “ETFs And Stocks That Topped Or Flopped After Trump Won” on November 11, 2016. More interesting news about SPDR S&P Metals and Mining (ETF) (NYSEARCA:XME) were released by: Marketwatch.com and their article: “Investors dig into mining ETFs as metals rally” published on September 02, 2016 as well as Marketwatch.com‘s news article titled: “S&P 500’s ‘bull trend’ strengthens amid election-fueled sector rotation” with publication date: November 15, 2016.

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