Key facts
- The Dow Jones Industrial Average reached a new record high.
- Traders bought approximately 5,300 calls in the State Street Health Care Select Sector SPDR ETF (XLV).
- Traders bought fewer than 1,000 puts in the State Street Health Care Select Sector SPDR ETF (XLV).
The Dow Jones Industrial Average achieved a new record high, indicating positive momentum in the broader market. Concurrently, traders demonstrated a notable preference for the healthcare sector, as evidenced by significant call option activity in the State Street Health Care Select Sector SPDR ETF (XLV). On Thursday, approximately 5,300 calls were purchased for the XLV ETF, while only about 1,000 puts were traded, according to data from ThinkOrSwim. This suggests a bullish sentiment among traders regarding the future performance of healthcare stocks, even as the technology sector may be underperforming.