Long XLE by Selling Jade Lizard June 65put, 68.5/69.5ca
XLE started to bounce back from bottom. I expect it to be going up and then start side way. So I would setup a Jade Lizard position.
Position:
Sell 1 June 65 Put
Sell 1 June 68.5/69.5 Call Spread
Total Premium: 1.04$
Break Even: $63.96,
Profit area: $63.96 $69.54. No upside risk.
Pop %: 84%
Position:
Sell 1 June 65 Put
Sell 1 June 68.5/69.5 Call Spread
Total Premium: 1.04$
Break Even: $63.96,
Profit area: $63.96 $69.54. No upside risk.
Pop %: 84%
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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.