Daily Options Trading for Industrial Select Sector SPDR (XLI)

Posted on 03/16/2012 by Ella Gold


NEW YORK (AVAFIN) -- Today's call volume outnumbered put contracts at a ratio of 31.0:1, yielding 0.03 put/call ratio. Call volume for Industrial Select Sector SPDR contracts was 335,741 versus the average ten day volume of 44,355.

Options can be used as predictors of stock behavior. Investors can use put/call ratios as technical indicators to read for signs of institutional sentiment. The put/call ratios offer insight to investors and can be used as either a direct or contrarian indicator for trading decisions. Unusual volume provides reliable clues that the stock is expected to make a move.

Shares of Industrial Select Sector SPDR gained $0.45 (+1.19%) to $38.14. The last trading session witnessed a low of $37.61 and high of $38.17 during the day. The current trading volume of 16M is greater than average volume of 13M shares. XLI is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $27.67 and 52 week high is $38.98. To date, the stock has gained 16.67% within the last quarter.

Market Snapshot (03/15/2012)
  SPX 1403.88 1.28 0.09%
  DOW 13229.6 -23.20 -0.18%
  NASDAQ 3055.26 -1.11 -0.04%
  VIX 14.42 -1.00 -6.49%

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