AMEX:XLU   SELECT SECTOR SPDR TRUST AMEX UTILITIES SELECT INDEX
Buying into the weakness here in XLU , with a synthetic covered call set up.

-1 Nov16 $54 put for $1.87 cr .
Trade active: Trade made for a good start to this strategy.

Rolling out to Nov cycle $54 put for $.52 cr.

Realized a $80 profit on first put, $1.07 db.
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