First Week of January 2024 Options Trading For The Materials Select Sector SPDR Fund (XLP)
September 14, 2021 at 12:10 PM EDT
Investors in The Materials Select Sector SPDR Fund (XLP) saw new options begin trading this week, for the January 2024 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 857 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration..