The August 17th https://www.theoptionplayer.com/ executed the Energy Select ETF (NYSE: XLE) short-term (35-day) option trade. Today we closed out this trade for an approx. 40% profit. Login with a Premium Subscription to view data/images
The options expire next week and we decided to exit the position to lock in a decent profit. The chart confirms the Energy Select ETF has not yet followed through on technical signals pointing to a recovery bounce.
The information presented here is for educational and informational purposes only, and this document is not to be construed as an offer to sell, or the solicitation of an offer to buy, securities. The analysis provided is based on both technical and fundamental research and is provided "as is" without warranty of any kind, either expressed or implied. Although the information contained is derived from sources which are believed to be reliable, they cannot be guaranteed. Some investments are not suitable for all investors, and there can be no assurance that any investment strategy will be successful.