This Healthcare ETF (XLV) Is Seeing Above Average Call Buying

“Less than halfway through the session, the (XLV) health care exchange-traded fund is seeing call volume that is 11 times its total daily average. The Heathcare SPDR Fund has averaged total option volume of 8,000 contracts for a full session in the last month, but more than 100,000 have already traded by late morning. Some 95 percent of those options are calls,” Option Monster Reports.

They go on to say, “One trade in particular dominates this activity: 40,000 March 32 calls going for $0.10 and 40,000 April 32 calls for $0.50 in quick succession. The open interests were 78,550 and 274 respectively, leading me to believe that this was a roll from March out to April.”

“The (XLV) trades at $32.06, down fractionally on the day but still trending higher from support levels around $30.50. Unlike the broader markets, however, the ETF has yet to regain its 52-week high of $33.16 set on Jan. 21,” Option Monster Reports.

See more details: HERE

Here are some details on the Heathcare SPDR ETF (XLV):

The investment (XLV) includes companies from the following industries: health care equipment and supplies, health care providers and services, biotechnology and pharmaceuticals. This fund will normally invest at least 95% of its total assets in common stocks that comprise the relevant Select Sector Index. It has also adopted a policy that requires it to provide shareholders with at least 60 days notice prior to any significant material change in a its policy or its underlying index. It is nondiversified.

TOP 10 HOLDINGS ( 61.24% OF TOTAL ASSETS)  
 
Company Symbol % Assets
Abbott Laboratories Common Stoc (ABT) 5.65
Amgen Inc. (AMGN) 4.57
Baxter International Inc. Commo (BAX) 2.86
Bristol-Myers Squibb Company Co (BMY) 3.47
Eli Lilly and Company Common St (LLY) 2.88
Gilead Sciences, Inc. (GILD) 3.11
Johnson & Johnson Common Stock (JNJ) 14.18
Medtronic Inc. Common Stock (MDT) 3.9
Merck & Company, Inc. Common St (MRK) 8.91
Pfizer, Inc. Common Stock (PFE) 11.71

Chart for Health Care Select Sector SPDR (XLV)

MARCH CALL OPTIONS Expire at close Fri, Mar 19, 2010
 
Strike Symbol Last Chg Bid Ask Vol Open Int
20.00 XLV100320C00020000 12.10 Up 0.30 11.90 12.20 2 259
21.00 XLV100320C00021000 10.70 0.00 11.00 11.20 0 2
25.00 XLV100320C00025000 6.30 0.00 6.90 7.10 0 6
26.00 XLV100320C00026000 5.60 0.00 5.90 6.20 0 35
27.00 XLV100320C00027000 4.70 0.00 4.90 5.20 0 969
28.00 XLV100320C00028000 3.90 0.00 3.90 4.20 3 4,727
29.00 XLV100320C00029000 3.00 0.00 2.95 3.10 91 15,643
30.00 XLV100320C00030000 1.95 0.00 2.00 2.10 50 909
31.00 XLV100320C00031000 1.05 Down 0.05 1.00 1.10 89 2,173
32.00 XLV100320C00032000 0.20 Down 0.05 0.10 0.20 47,544 78,550
33.00 XLV100320C00033000 0.02 0.00 N/A 0.05 2 6,139
34.00 XLV100320C00034000 0.01 0.00 N/A 0.05 4 24,385
35.00 RZK100320C00035000 0.11 0.00 N/A 0.05 0 1
38.00 RZK100320C00038000 0.05 0.00 N/A 0.05 0 1
40.00 RZK100320C00040000 0.07 0.00 N/A 0.05 0 4
APRIL CALL OPTIONS Expire at close Fri, Apr 16, 2010
 
Strike Symbol Last Chg Bid Ask Vol Open Int
29.00 XLV100417C00029000 3.10 0.00 3.00 3.20 4 4
30.00 XLV100417C00030000 2.00 0.00 2.00 2.15 0 16
31.00 XLV100417C00031000 1.20 Down 0.03 1.20 1.25 1,135 59
32.00 XLV100417C00032000 0.55 0.00 0.50 0.60 45,680 274
33.00 XLV100417C00033000 0.15 Down 0.03 0.15 0.20 409 904
34.00 XLV100417C00034000 0.03 0.00 N/A 0.05 16 10
35.00 RZK100417C00035000 0.03 0.00 N/A 0.05 0 10

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