Stock Traders Purchase High Volume of Put Options on SPDR S&P 500 ETF Trust (SPY) – The Cerbat Gem

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

Shares of SPDR S&P 500 ETF Trust (NYSE:SPY) traded up 0.39% during mid-day trading on Friday, hitting $239.70. 62,001,269 shares of the stock traded hands. SPDR S&P 500 ETF Trust has a 52 week low of $198.65 and a 52 week high of $240.32. The firm’s 50-day moving average is $235.97 and its 200-day moving average is $228.01.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Tuesday, March 21st were issued a $1.0331 dividend. The ex-dividend date was Friday, March 17th. This represents a $4.13 annualized dividend and a dividend yield of 1.72%.

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

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About SPDR S&P 500 ETF Trust

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.

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