Highlights on Options Activity for Technology Select Sector SPDR ETF

April 2, 2015 9:53 PM

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XLK options contracts experienced interesting volume on the put side. There were 1.5 puts traded for every call contract yielding a 1.53 put/call ratio. Specifically, 1.31K put and 855 call contracts exchanged hands intraday.

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 ...

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