Energy Select Sector SPDR News
Investors in Energy Select Sector SPDR Fund saw new options begin trading this week, for the December 20th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 242 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
SPY dip buyers likely will remain active above $186.43.
The SPY is back inside its $184-to-$189 balance zone.
The trading panel discussed bonds, industrial stocks, Chipotle Mexican Grill and IBM.
Here is an intriguing technical pattern emerging in the S&P 500.
Bulls need to sustain a break above $1856.
The largest energy ETF XLE hit a new all-time high today and that might only be the beginning.