Monday, March 9, 2015

XLF Put Option Purchase

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.


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