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Option Traders Score in $XLI
In our TNT Option Trading Service we analyzed XLI for a potential momentum trade using options. The Industrial Select Sector SPDR® Fund trades under the ticker symbol “XLI”. We analyzed the ETF chart to see that the it was supporting on the 200 day SMA. Our subscribers were able to jump into put options for […]
In our TNT Option Trading Service we analyzed XLI for a potential momentum trade using options.
The Industrial Select Sector SPDR® Fund trades under the ticker symbol “XLI”. We analyzed the ETF chart to see that the it was supporting on the 200 day SMA.
Our subscribers were able to jump into put options for the May 31st expiration. Most bought the 31May 74 puts with the stock dropping in price through the moving average.
After two – fours days of holding the puts they were able to exit for an average profit of about 51%.
Some subscribers only locked in 5% while others locked in 140%. This range really depended on how long you held the position.
Some subscribers locked in profits and rolled their options while others chose to exit the trade and eliminate their risk to lock in the profits!
