Update on XLF Trade (Price Pin, more)

The current XLF trade is still being held.  The original post can be found here. With time a concern (expiration is 2 weeks away), the stop loss circumstance next week is likely and should be flushed out by Tuesday. XLF did seem to get pinned to $28.00.

Chart wise, the price is hitting short term support. The daily shows a flagging while the weekly shows a drop to support. The expectation (using option prices as an indicator) is that the ETF will likely move about 1-2% next week.







 


  ** This blog is used for informational purposes only. It should not be 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 moment communication on KDK Options trades, email at kdkoptions@gmail.com **