November 6th Options Now Available For Select Sector SPDR Trust - State Street Utilities Select Sector SPDR ETF (XLU)

Investors in Select Sector SPDR Trust - State Street Utilities Select Sector SPDR ETF (Symbol: XLU) saw new options become available today, for the November 6th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the XLU options chain for the new November 6th contracts and identified the following call contract of particular interest. The call contract at the $40.50 strike price has a current bid of 33 cents. If an investor was to purchase shares of XLU stock at the current price level of $39.76/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $40.50.