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%