A couple of days ago, I did a post for my Slope+ readers about buying XLU calls. I paid 80 cents for the calls, and now, two days later, they are trading at $1.60. I did not expect a 100% gain on these so swiftly, but suffice it to say I’m enamored of interest-rate sensitive items.
There are three ETFs I am watching very closely for gap closes. My motivation is twofold: first, I want to short the everloving bejesus out of them once the gaps are filled, and second, it’s going to be my signal to go balls-out shorting the equities in general. I’ve tinted the gaps, with MUB featuring two tints, since I’m not quite sure which of those two it’ll muster.
The end of the quarter is upon us, so that’s bound to weirdify the last couple of trading days this month. Hang in there, Slopers! I think it’s a new market we’ve got on our hands.