SPDR S&P 500 ETF Trust Target of Unusually High Options Trading (SPY)

SPDR S&P 500 ETF Trust (NYSE:SPY) saw unusually large options trading on Thursday. Traders bought 2,382,915 put options on the stock. This represents an increase of 133% compared to the average daily volume of 1,021,435 put options.

SPDR S&P 500 ETF Trust (NYSE:SPY) opened at 238.31 on Friday. SPDR S&P 500 ETF Trust has a one year low of $198.65 and a one year high of $240.67. The stock’s 50 day moving average price is $236.99 and its 200 day moving average price is $229.95.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Tuesday, March 21st were paid a $1.0331 dividend. The ex-dividend date of this dividend was Friday, March 17th. This represents a $4.13 annualized dividend and a yield of 1.75%.

Separately, Credit Suisse Group AG reiterated an “overweight” rating on shares of SPDR S&P 500 ETF Trust in a research note on Tuesday, March 21st.

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SPDR S&P 500 ETF Trust Company Profile

SPDR S&P 500 ETF Trust (the Trust) is a unit investment trust. The Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index (the Index). The Trust seeks to achieve this investment objective by holding a portfolio of the common stocks that are included in the Index (the Portfolio), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the Index.

12 Month Chart for NYSE:SPY

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