$XLY Bearish Credit Spread

Short

SPDR Select Sector Fund - Consumer Discretionary (AMEX:XLY)

AMEX:XLY SPDR Select Sector Fund - Consumer Discretionary

Trend Analysis XLY consumer ETF options options-strategy optionsstrategy Bearish Patterns creditspread

trendanalysis xly consumer etf options options-strategy optionsstrategy bearish creditspread

XL Bearish Credit Spread - Opened. XLY leaning very bearish this morning (Monday) with a possible movement to test the 115 area as expected.

Entry 116.11.
Break Even 116.68.
1.7:1 r/r

Even with the heightened volatility this week, we will let this spread expire as it has a defined risk and reward.

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