XLU - Utilities
Updated
Buying into the weakness here in XLU, with a synthetic covered call set up.
-1 Nov16 $54 put for $1.87 cr.
-1 Nov16 $54 put for $1.87 cr.
Trade active
Trade made for a good start to this strategy. Rolling out to Nov cycle $54 put for $.52 cr.
Realized a $80 profit on first put, $1.07 db.
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