As per this weekend's video update where I discussed the non-confirmation in XLF in conjunction with the current (so far) failed breakout in February, I have purchased contracts of XLF put options.
I got both May 25 strike and Sept 24 strike contracts for the position.
I will update on this again in the future as action unfolds.
I have no planned stop loss on the contracts. Risking only what can be lost if they expire worthless.
Pete
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