NEW YORK (AVAFIN) -- Consumer Staples Select Sector SPDR witnessed a record number of call and put contracts during the busy trading session. There
were 0.1 call contracts traded for each put contract yielding a 10.02 put/call ratio
where 58,807 put and 5,869 call contracts exchanged hands.
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.
Consumer Staples Select Sector SPDR is trading at $40.37, down $0.09 (0.22%) in today's trading session.
The daily low is $40.26 and the high is $40.58. The trading volume of 8M is above
the average volume of 6M shares. XLP is trading above the 50 day moving
average and higher than the 200 day moving
average. The stock's 52 week low is $33.05 and 52 week high is $40.83. Within the last quarter, the shares have gained 12.51% of their value.
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