New Spread Trade in XLF

A new spread trade in the financial ETF XLF has been made. The Nov 2 $26.50 put option and the Nov 2 $28.00 call option has been purchased. The cost of the trade was $0.58 before fees and commissions. The expectation is that the trade will be $2.00. Reasons and a chart for the trade are below.

- October volatility
- Earnings Season
- Interest Rate rising









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