Hello Investors,
Today we had a discussion on technicals setups/scanning. Along with some sector research and analysis. We made a couple of June 19th (monthly) trades to get out ahead of next month’s expiration.
Sold to open: XLE – June 19th (monthly) 38.21 strike put
Bought to open: XLE – June 19th (monthly) 36.21 strike put
Limit credit: 0.80
Sold to open: ABBV – June 19th (monthly) 100.00 strike call
Limit credit: 0.60
We will also meet on Friday to finalize our May monthly option expiration trades.
Have a great week!