What’s The Reasoning Behind This Massive Energy Trade?

Dividend Investing, Energy Investing

Unusual options activity placed Energy Select Sector SPDR ETF (XLE) into the spotlight last week. It turns out a massive options trade of 150,000 contracts traded in a spread, with about $16 million of capital required. This one trade accounted for nearly half the options traded on the day. It appears the position may be a very large hedge against a downturn in energy prices through December. 

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