SPDR Select Sector Fund - Energy Select SectorArca
Description
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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.
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. Pop %: 84%