Its top two constituents by weight, JP Morgan and Berkshire Hathaway's (stinky) B shares, have been performing very poorly in comparison to most stocks:
This along with XLK (tech bubble) and XLE (oil) are, to me, overvalued and must be denied higher prices.
Trade closed manually
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I'm glad I picked XLF instead of the other two.
Closing trade for now, will consider reopening near the end of today's session
Trade active
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Reshorting, aim for a sweep at around $19, previous low
Comment
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Longed $25 6/19 put on Thursday, 11th of June, near open, .31
Covered with a $24.5 6/19 put on Friday, 12th of June, near mid of trading session, 1.19
Rolled over into $24 6/26 put on Friday, near end of day, 1.32
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Mistakes made: - Didn't cover the 6/19 long put earlier like near EOD Thursday or start of the session Friday - Should've waited further into the session to rollover into the 6/26 - Maybe should've waited to get into 6/26 put on Monday instead