SPDR Select Sector Fund - Consumer DiscretionaryArca
Description
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XLY Consumer Discretionary SPDR ETF saw a buyer of the 12/17 187C for 2.5M in premium last week
Top holdings are AMAZON and TESLA. I like both these stocks from a technical perspective and a "cheaper" trade would be to go long XLY :) (Higher premiums on AMZN and TSLA).
From a technical perspective XLY has bullish Momo and a strong close above 21EMA. Looking for a $186 blue sky breakout this week and she can really fly.
Also worth noting 9/20 Wyckoff "more effort less result" which is a bullish indication - notice the high volume from the sellers (exhaustion) with price action staying above the 8/17 lows.