Calls Purchased on E&P Names (XOP)

Shares of The SPDR S&P Oil & Gas Exploration ETF XOP are higher on the session by 3.55%, currently trading $40.83. The ETF has been falling as of late, but has managed to regain the 200-day moving average in today’s trade. Calls are being bought on the XOP as well with the June $42 call purchased 20,000 times on the offer. This has pushed call volume to 15.06x the daily average with 100% of all calls traded being purchases on the offer. The SPDR S&P Oil & Gas Exploration ETF seeks to replicate as closely as possible, before expenses, the performance of an index derived from the oil and gas exploration and production segment of a U.S. total market composite index. The fund uses a passive management strategy to track the total return performance of the S&P Oil & Gas Exploration & Production Select Industry index.