$XLY Bearish Credit Spread Short
SPDR Select Sector Fund - Consumer DiscretionaryArca
Description
⋅ XLY 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.