TradingView
Ronin_trader
Apr 8, 2021 11:00 AM

XRT ETF Bullish inclined Naked Puts 14 May Expiry Long

SPDR S&P Retail ETFArca

Description

I am diversifying beyond selling puts on JETS as it seems to have had a significant bullish run.

XRT is an ETF reflecting the US retail industry, specifically the Consumer Discretionary segment. I selected them because with the pandemic optimism and the decreasing unemployment, I expect the customers to be less tight on their retail habits especially on everyday items.

etfdb.com/etf/XRT/

Sold 50 Puts @ 0.78 Strike 83
BP Block: 51K
Max Gain: Est $3,900
Touch Probability: 62%
% Distance to Strike: 8%

Trade closed: target reached

More