Technology SPDR (ETF) Is a Buy; Strong Momentum from Option Traders

 Technology SPDR (ETF) Is a Buy; Strong Momentum from Option Traders

In today’s session Technology SPDR (ETF) (XLK) registered an unusually high (328) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious XLK increase. With 328 contracts traded and 23084 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: XLK161216C00046000 closed last at: $2.21 or 0.5% up. Technology SPDR (ETF) (NYSEARCA:XLK) has risen 11.76% since April 28, 2016 and is uptrending. It has outperformed by 5.84% the S&P500.

Sector SPDR Trust SBI Interest, formerly Technology Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Technology Select Sector of the S&P 500 Index . The ETF has a market cap of $12.56 billion. The Index includes companies primarily involved in industries, such as information technology (IT) consulting, semiconductor equipment and products, computers and peripherals, diversified telecommunication services and wireless telecommunication services.It utilizes a passive or indexing investment approach to invest in a portfolio of stocks that seek to replicate the Index. It has a 5.41 P/E ratio.

XLK Company Profile

Sector SPDR Trust SBI Interest, formerly Technology Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Technology Select Sector of the S&P 500 Index (the Index). The Index includes companies primarily involved in industries, such as information technology (IT) consulting, semiconductor equipment and products, computers and peripherals, diversified telecommunication services and wireless telecommunication services.

More important recent Technology SPDR (ETF) (NYSEARCA:XLK) news were published by: Etfdailynews.com which released: “Technology ETF In Focus As PC Shipments Continue To Plunge” on November 30, 2016, also Seekingalpha.com published article titled: “Is Tech Dead?”, Etfdailynews.com published: “What’s The Difference Between All These Technology ETFs?” on November 21, 2016. More interesting news about Technology SPDR (ETF) (NYSEARCA:XLK) was released by: Etfdailynews.com and their article: “Here’s Why All Investors Need Exposure to the Tech Sector” with publication date: September 14, 2016.

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