Until SMH shoved it aside, XLU (the Utilities) was my favorite trade. It’s still my second biggest position, and I’ve never fallen out of love with the beast. Here is the current state of this exceptionally well-formed diamond on the Dow 15 Index itself:
My XLU puts are up 111% as of this writing, and in point of fact I just noticed by virtue of their growth this is my BIGGEST position after all. I normally am conservative with time, but with these I’ve elected to purchase October 27th puts.
Congratulations to anyone fool enough to have followed me into this trade.
