rockgy
Long

Long XLE by Selling Jade Lizard June 65put, 68.5/69.5ca

AMEX:XLE   SPDR SELECT SECTOR FUND - ENERGY SELECT SECTOR
25 0 6
XLE             started to bounce back from bottom. I expect it to be going up and then start side way. So I would setup a Jade Lizard position.

snapshot


Position:
Sell 1 June 65 Put
Sell 1 June 68.5/69.5 Call Spread
Total Premium: 1.04$
Break Even: $63.96,
Profit area: $63.96 $69.54. No upside risk.
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