AtitPatel
Short

Weekly Naked Puts for XLK

AMEX:XLK   SELECT SECTOR SPDR TRUST
MACD shows the loss of momentum for the uptrend at the key resistance level , with an additional confirmation of divergence on the stochastic .
I assume market could be going south from here.

The concern for the trade is EMA (15) might act as a support. That's a factor that adds to the risk of this trade.
Trade closed manually: Exercising Buyer right and closing the trade for the profit of $69 per contract

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