The U.S. Global Jets ETF (NYSEArca: JETS), the only dedicated airline exchange traded fund available on U.S. exchanges, now has listed options.
“Using options tied to JETS, investors have additional opportunities to gain exposure to the airline industry with a smaller capital requirement,” said Texas-based U.S. Global in a statement.
OptionMonster data indicate calls and puts on JETS are available for June, July, September and December. The largest open interest in JETS options is currently found in the July $21 calls, which have open interest of 30 contracts. JETS currently trades around $22.70.
JETS tracks U.S. Global Jets Index, which is comprised of U.S. and international passenger airline companies, aircraft manufacturers and airports and terminal services companies. The universe of airline companies around the globe is screened for investability, a minimum market cap of $100 million and liquidity. The underlying index will hold between 30 and 35 airline companies. [New Airline ETF Takes Off]
The ETF, which debuted at the end of April, is home to 30 stocks. Delta Airlines (NYSE: DAL), Southwest (NYSE: LUV), American Airlines (NasdaqGS: AAL) and United Continental (NYSE: UAL) combine for almost 44% of the new ETF’s weight.
JETS has hauled in $17.3 million in assets since coming to market.
U.S. Global Jets ETF Options Chain
Chart Courtesy: OptionMonster
ETF Trends editorial team contributed to this post.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.