What’s Market Vectors-Coal ETF Upside After Today’s Bearish Options Activity?

 What's Market Vectors Coal ETF Upside After Today's Bearish Options Activity?

In today’s session Market Vectors-Coal ETF (KOL) recorded an unusually high (303) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious KOL decrease. With 303 contracts traded and 12644 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: KOL170120P00013000 closed last at: $0.6 or 0% . Market Vectors-Coal ETF (NYSEARCA:KOL) has risen 52.06% since April 27, 2016 and is uptrending. It has outperformed by 46.84% the S&P500.

Market Vectors-Coal ETF seeks to replicate as closely as possible the price and yield return performance of the Stowe Coal Index (COAL or the Index) by investing in a portfolio of securities that generally replicates COAL. The ETF has a market cap of $56.76 million. COAL, calculated and maintained by Standard & Poor’s Custom Indices on behalf of Stowe Global Indexes LLC, is a rules-based, modified capitalization-weighted, float-adjusted index consisting of publicly traded companies worldwide that are engaged in the coal industry. It currently has negative earnings. The Index provides exposure to publicly traded companies worldwide that derive greater than 50% of their revenues from the coal industry with market cap exceeding $200 million and should have three-month average daily turnover greater than $1 million.

KOL Company Profile

Market Vectors-Coal ETF’s (the Fund) investment objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the Stowe Coal Index (the Coal Index). Van Eck Associates Corporation is the investment adviser to The Fund.

More notable recent Market Vectors-Coal ETF (NYSEARCA:KOL) news were published by: Marketwatch.com which released: “VanEck Vectors Coal ETF” on June 16, 2010, also Etfdailynews.com with their article: “Canada Will Cease All Coal Usage By 2030” published on November 22, 2016, Etfdailynews.com published: “Will Trump Save The U.S. Coal Industry?” on November 14, 2016. More interesting news about Market Vectors-Coal ETF (NYSEARCA:KOL) were released by: Etfdailynews.com and their article: “Coal’s Recovery May Have Already Topped” published on November 16, 2016 as well as Etfdailynews.com‘s news article titled: “Morgan Stanley & GE Get Bullish on Coal” with publication date: August 24, 2016.

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