Early on Friday, which was the third day in a row I was acquiring XLU puts (at a loss), I tweeted out the suggestion to join in with me. It turned out that tweet was almost the perfect time to do so.
The shooting star pattern from Friday was pitch-perfect, and the gap down this morning affirms the trade. This is looking really good, and since these are December puts, I’ve got a full 88 days for this saga to play out.
The diamond pattern gets an “A+” from me, and I maintain either this or SMH is going to be my Trade Of the Year.
