SPDR Energy Fund (XLE) loses $1.62 to $71.48 after the Obama adminstiration and IEA unveiled plans to tap strategic reserves. Crude oil is down $4.41 to $91 per barrel on the news. XLE, which holds shares of all the energy-related names in the S&P 500, is down $1.62 to $71.48. Meanwhile, 31,000 calls and 96,000 puts traded on the ETF, including more than 50,000 Sep 72 puts. Some players might be closing positions. The contract is now 52 cents ITM and has open interest of 114,990, which is the biggest position among XLE options.