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Traders See Downside in Industrial Sector ETFs
By: ETF Trends
Options traders have been using industrial exchange traded funds (ETFs) to bet against the sector following quarterly earnings from bellwether and Dow component General Electric ( GE ).
Industrial Select Sector SPDR Fund (NYSEArca: [General Electric Weighs on Dow, Industrial ETFs.]
Options players "seem to be extending a bearish position in the sector out an additional month, and to a higher strike in the puts," Street One said on Monday.
The analysts noted the industrial ETF has outperformed the broad market year to date, rising 7.9% versus 6.4% for the S&P 500.
Industrial Select Sector SPDR Fund
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