What’s Materials Select Sector SPDR Upside After Today’s Bullish Options Activity?

 What's Materials Select Sector SPDR Upside After Today's Bullish Options Activity?

In today’s session Materials Select Sector SPDR (XLB) registered an unusually high (207) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious XLB increase. With 207 contracts traded and 108894 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: XLB170120C00050000 closed last at: $0.37 or 17.8% down. Materials Select Sector SPDR (NYSEARCA:XLB) has risen 3.82% since April 20, 2016 and is uptrending. It has underperformed by 0.73% the S&P500.

Materials Select Sector SPDR Fund seeks to provide investment results that correspond generally to the price and yield performance of the Materials Select Sector Index (the Index). The company has a market cap of $3.52 billion. The Index includes companies involved in such industries as chemicals; metals and mining; paper and forest products; containers and packaging, and construction materials. It currently has negative earnings.

XLB Company Profile

Materials Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Materials Select Sector of the S&P 500 Index (the Index). The Index includes companies primarily involved in industries, such as chemicals, construction materials, containers and packaging, metals and mining, and paper and forest products.

More recent Materials Select Sector SPDR (NYSEARCA:XLB) news were published by: Thestreet.com which released: “Which S&P Sector Leads? Materials, Industrial, Energy, Financials, Transports” on November 21, 2016. Also Investorplace.com published the news titled: “3 Big Stock Charts: Chesapeake Energy Corporation (CHK), Home Depot Inc (HD …” on November 14, 2016. Seekingalpha.com‘s news article titled: “Sector Performance Quarter And Month To Date” with publication date: September 29, 2016 was also an interesting one.

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