A new spread trade has been made in financial ETF XLF. A June 15th $28.00 call option and a June 15th $27.00 put option have been purchased. The cost of the trade was $0.70 before fees and commissions. The expectation for the trade is $1.50. Stop loss scenarios have been implemented. Some reasons for the trade are below.
- Financial stocks seem to be coiling.
- Rate raise likely will have some effect on the finance and bank stocks
- Geopolitical actions
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used as a recommendation to buy or sell any security. Do your own due
diligence before trading or investing. If you would like up to the
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