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JtotheA
Feb 13, 2018 9:40 PM

Bought PUTS on XLF - 28.50 strike for 2/23  Short

SPDR Select Sector Fund - FinancialArca

Description

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.
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