Call Side of XLF Trade Sold

The call side of the XLF spread trade has been sold. With the trade clearly being pushed to the put side, the call side still had some value to salvage. The call was sold for $.07 before fees and commissions. A chart shows the move downward. There is a likelihood that the 50 day at $25.00 is higher now.

The trade has one more week before expiration. It is in the money with a decent opportunity to head down further. A stop loss price has been adjusted.




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