Could Consumer Discretionary SPDR (ETF) Increase After Today’s Tip From Option Traders?

 Could Consumer Discretionary SPDR (ETF) Increase After Today's Tip From Option Traders?

In today’s session Consumer Discretionary SPDR (ETF) (XLY) recorded an unusually high (365) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious XLY decrease. With 365 contracts traded and 2054 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: XLY170120P00083000 closed last at: $2.02 or 3.3% down. Consumer Discretionary SPDR (ETF) (NYSEARCA:XLY) has risen 3.24% since April 26, 2016 and is uptrending. It has underperformed by 2.02% the S&P500.

Consumer Discretionary Select Sector SPDR Fund seeks to provide investment results that correspond generally to the price and yield performance of the Consumer Discretionary Select Sector Index . The ETF has a market cap of $10.54 billion. The Index includes companies from the following industries, media; retail (specialty, multiline, Internet and catalog); hotels, restaurants and leisure; textiles, apparel and luxury goods; household durables; automobiles; auto components; distributors; leisure equipment and products; and diversified consumer services. It has a 11.02 P/E ratio.

XLY Company Profile

Consumer Discretionary Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Consumer Discretionary Select Sector of the S&P 500 Index (the Index). The Index includes companies from industries, such as automobiles and components, consumer durables, apparel, hotels, restaurants, leisure, media and retailing.

Another recent and important Consumer Discretionary SPDR (ETF) (NYSEARCA:XLY) news was published by Benzinga.com which published an article titled: “Dan Deming’s Consumer Discretionary SPDR ETF Trade” on November 22, 2016.

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