Today in our ETF/Index options recap, we profile the largest “Oil and Gas Exploration and Production” ETF once more, thanks to a plunge in the underlying stocks and interesting options activity in the name, XOP (SPDR S&P Oil & Gas Exploration & Production, Expense Ratio 0.35%, $1.9 billion in AUM).
On renewed weakness in the name today after a brutal last week, we have seen an appetite for June 32 puts (XOP is trading at around $33.30 at the moment and its 52-week low is $32.21).