XLE a trade or an option trade, your pick
Updated
This ETF got rejected on a D1 time frame at the 23 Fib retracement...
With a complete retrace back to 0..., almost like a reverse cup and handle... look out below..
1: 1 Risk to reward, even more if your daring...
2. Sell the 62 Puts 2 weeks out, and buy the 64 put January... net cost is 3.47... keep rolling, and booking premium while the pair slides lower
With a complete retrace back to 0..., almost like a reverse cup and handle... look out below..
1: 1 Risk to reward, even more if your daring...
2. Sell the 62 Puts 2 weeks out, and buy the 64 put January... net cost is 3.47... keep rolling, and booking premium while the pair slides lower
Trade closed manually
There is a Hurricane coming straight for the center of the oil production in the gulf of mexico, as a result Ill close the trade for a profit, and reopen once it passes.
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