Options Players Wage on Technology Select Sector SPDR (XLK)

Posted on 12/03/2012 by Jane Lacave

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NEW YORK (AVAFIN) -- Technology Select Sector SPDR options established a new 90-day record for traded call and put contracts. A total of 46,576 put and 6,716 call contracts were traded raising a 6.94 put/call ratio on shares of XLK

Investors use options to manage risk and to speculate on price changes. Options can provide significant leverage if the stock moves in the right direction but aslo end up worthless if it doesn't.

Technology Select Sector SPDR (XLK) opened today at $29.35 and is currently trading at $29.09, down $0.04 (0.14%) during last trading session. Within the last quarter, the shares have lost -4.37% of their value. The daily low is $29.06 and the high is $29.39. The trading volume of 7M is below the average volume of 9M shares.

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