SPDR SELECT SECTOR FUND - UTILITIES AMEX:​XLU

IV isn't extremely high, but has spiked up a bit in Utilities, so I'm looking at placing a strangle here. -1 Sept21 50/54 strangle for $1.14 cr. I will likely manage this position at 50% and we'll deal with specific loss mgmts when we get there.

XLU which cover the utility sector is the best place to be right now in case of a TRADE war going crazy … Chart show a bullish pattern , easy to trade , fundamental side of it look strong ...Trump Tax relief will save companies a lot of money , and technical side of it looks bullish after that double bottom formation we see on the chart

Strong readings (breadth, optimism etc) could create short term weakness somewhere here.

STC all my XLU 2019 calls. I still have 2020 calls in hand. Looks like a good place to consolidate. Will buy more leaps when then pulls back.

With volatility at somewhat of an ebb here, I'm eyeing exchange-traded funds for directional plays in lieu of just hand sitting. The setup pictured here is of a XLU diagonal with the long dated option out in Dec, the front month in August. I would prefer setting this up as a skip month (Aug/Oct), but an Oct expiry isn't available yet. Here are the metrics: ...

Longer term bullish on $XLU

Waiting for bearish correction amongst the entire market, if this occurs undervalued XLU, take advantage of earnings run up in utilities around mid/late July.

XLU is approaching a weekly support zone following the breakdown of the weekly wedge

- in weekly chart, it broke down from 5-wave Rising Wedge - after consolidation in a small flag from Feb 2018 till now, it chose to break down again - it is on the way of BIG C targeting $46 or even lower $42 - set stop at 49.83

Add it to the list of reasons we eventually stay lower.

Ofensive Sector (Tech + Discretionary) vs Defensive Sector (Utils + Staples) on SPX index.

Let's see what happens on this intermediate term play in $XLU.

Hey guys, this is Spencer and today I'm sharing a trade that I'm currently in and discuss why you can enter it as well! XLU is the SPDR utility ETF and is riding above its 50 day moving average. It is making a series of higher highs on the daily and I believe it will retest the 200 day moving average which is very close. I bought the September 49$ Strike for 3.10 ...

... for a 4.63/contract debit. Metrics: Max Profit on Setup: $137/contract Max Loss on Setup: $463/contract Break Even: 50.63 Debit Paid/Spread Width: 77.2% Notes: Will look to take profit at 20% max; roll short call at 50% decrease in value.

2-year rising wedge broke down and retested. The retest itself formed another rising wedge. Stop over this retest high at 51.50. Pattern target is 40.50 10x potential return Add to position on break of minor wedge

The Utilities are in a 9 year uptrend and are either in a bear flag or fixing to break out to the upside and continue the trend.

Long defensives, like XLU, short cyclicals...XLY...nice R/R ratio...

Utilities (XLU) might be a good long idea here. As the markets get choppy, utilities like XLU might hold up well. Price above the 10sma and volume increasing.