New Spread Trade in XLF Created

There is a new spread trade created for financial ETF XLF. An Aug 17th $27.00 put and $27.50 call were each purchased. The cost of the trade was $0.95 before fees and commissions. The goal of the trade is $2.00. A stop loss plan has been created. Some reasons for the trade are below. A daily chart with 20 and 50 dsma are also below

- Volatility has picked up
- Hitting $28.00 resistance
- There was a bounce off of the 50 dsma



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