A new spread trade has been created for bank ETF XLF. A June 7th $27.00 put and $27.50 call were purchased. The cost of the trade was $0.75 before fees and commissions. The goal of the trade is to see $1.50. Stop loss pricing has been instituted. Some reasons for the trade are below. Previous trades in XLF this year can be found here, here,.
- Volatility has begun to pick up
- China trade
- $27.00 pivot point
- Middle East Stability
- 50% retracement of 3 point move at $27.00
**
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