JtotheA

Bought PUTS on XLF - 28.50 strike for 2/23

Short
AMEX:XLF   SPDR Select Sector Fund - Financial
Right before the close, I purchased QTY: 30 PUTS on XLF - 28.50 strike for 2/23 on Descending Triangle Continuation. This is my way of shorting SPY right now as options are still too expensive for my liking. XLF correlation with SPY has been very strong.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.