Could Consumer Staples Select Sect. SPDR (ETF) See a Reversal After Today’s Strong Options Activity?

 Could Consumer Staples Select Sect. SPDR (ETF) See a Reversal After Today's Strong Options Activity?

In today’s session Consumer Staples Select Sect. SPDR (ETF) (XLP) recorded an unusually high (1,793) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious XLP decrease. With 1,793 contracts traded and 77084 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: XLP161216P00049000 closed last at: $0.37 or 22.9% down. Consumer Staples Select Sect. SPDR (ETF) (NYSEARCA:XLP) has declined 4.99% since April 18, 2016 and is downtrending. It has underperformed by 9.42% the S&P500.

Consumer Staples Select Sector SPDR Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Consumer Staples Select Sector Index (the Index).The Fund typically invests in substantially all of the securities represented in the Index in approximately the same proportions as the Index. The ETF has a market cap of $7.79 billion. Under normal market conditions, the Fund generally invests substantially all, but at least 95%, of its total assets in the securities consisting of the Index. It has a 7.41 P/E ratio. In addition, the Fund may invest in cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by SSgA Funds Management, Inc. (SSgA FM).

XLP Company Profile

Consumer Staples Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Consumer Staples Select Sector of the S&P 500 Index (the Index). The Index includes companies that are primarily involved in the development and production of consumer products that cover food and drug retailing, beverages, food products, tobacco, household products and personal products.

Another recent and important Consumer Staples Select Sect. SPDR (ETF) (NYSEARCA:XLP) news was published by Etfdailynews.com which published an article titled: “Traders Are Betting On A Big Decline In This Consumer Staples ETF” on October 31, 2016.

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