Highlights on Options Trading for Financial Select Sector SPDR

Posted on 01/28/2013 by Ella Gold

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NEW YORK (AVAFIN) -- A record number of Financial Select Sector SPDR call contracts were traded during the busy trading session. There were 0.2 call contracts traded for each put contract yielding a 6.18 put/call ratio where 52,828 put and 8,543 call contracts exchanged hands.

Options are useful tools for predicting the movement of the underlying stock. Put/Call ratio statistics serve as a useful predictor of investment sentiment, indicating what experienced investors are doing in preparation for a move of an underlying stock. Thus, unusual volume provides reliable clues that the stock is expected to make a move.

Shares of Financial Select Sector SPDR declined $0.07 (0.40%) to $17.40 in today's trading session. The price of XLF ranged between $17.33 - $17.50. Volume is 30M in relation to the three month average volume of 50M shares. The technical momentum Relative Strength Index indicator shows overbought conditions. XLF is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $13.30 and 52 week high is $17.49. Within the last week, the shares have gained 1.98% of their value.

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