XRT is my JETS replacement. This month I was also trying to enter JETS but I couldn't get in at a good price.
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.
ATR is low which is a good sign but my worry is the S/R line just above at 95, which might cause a retracement. But if it breaks through it would be a nice padding.
Sold 50 Puts @ 0.5 Strike 82
BP Block: 43K
Max Gain: Est $2500
% Distance to Strike: 13%
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.
ATR is low which is a good sign but my worry is the S/R line just above at 95, which might cause a retracement. But if it breaks through it would be a nice padding.
Sold 50 Puts @ 0.5 Strike 82
BP Block: 43K
Max Gain: Est $2500
% Distance to Strike: 13%
Note
Added Sold 30 Puts @ 0.35 Strike 85 - Profit 1050 with a BP 27k
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.