SPDR S&P Oil & Gas Explore & Prod. (ETF) Unusual Bearish Options Activity Means Higher Risks

 SPDR S&P Oil & Gas Explore & Prod. (ETF) Unusual Bearish Options Activity Means Higher Risks

In today’s session SPDR S&P Oil & Gas Explore & Prod. (ETF) (XOP) recorded an unusually high (10,355) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious XOP decrease. With 10,355 contracts traded and 258424 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: XOP170317P00030000 closed last at: $0.48 or 9.4% down. SPDR S&P Oil & Gas Explore & Prod. (ETF) (NYSEARCA:XOP) has risen 13.77% since April 25, 2016 and is uptrending. It has outperformed by 7.75% the S&P500.

SPDR S&P Oil & Gas Exploration & Production ETF seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The ETF has a market cap of $2.12 billion. The S&P Oil & Gas Exploration & Production Select Industry Index represents the gas and oil exploration and production sub-industry portion of the S&P Total Markets Index. It currently has negative earnings. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.

XOP Company Profile

SPDR S&P Oil & Gas Exploration & Production Exchange Traded Fund (The Fund) seeks to replicate as closely as possible, before expenses, the performance of an index derived from the gas and oil exploration and production segment of a United States total market composite index. The Fund uses a passive management strategy designed to track the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index (the Oil & Gas Exploration Index).

More recent SPDR S&P Oil & Gas Explore & Prod. (ETF) (NYSEARCA:XOP) news were published by: Forbes.com which released: “Implied XOP Analyst Target Price: $45” on November 28, 2016. Also Etfdailynews.com published the news titled: “Traders Are Getting Bullish on This Oil & Gas ETF” on November 17, 2016. Zacks.com‘s news article titled: “Oil amp; Gas Exploration amp; Production ETF (XOP) Hits New 52-Week High” with publication date: November 22, 2016 was also an interesting one.

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