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Forex Stock Exchange Forum  » Forex and Stock Trading English Forum » Stock Market » SPDR S&P BIOTECH ETF (XBI)

SPDR S&P BIOTECH ETF (XBI)

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1attention SPDR S&P BIOTECH ETF (XBI) Thu Feb 02, 2017 10:23 pm

Yuri

Yuri
Moderator

SPDR S&P BIOTECH ETF (XBI), $64.96

DAILY CHART
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Trade:   Over $65.30, we recommend selling 10 Feb 61 naked puts (15 DTE) for $350 or better (closed at $.35 x .40).
Strategy:   Bullish engulfing +123 breakout and bullish all time frames.

Max Gain:  $350 premium received.
ROI:  3% on margin, with 6.6% cushion to break even of $60.65/share.

Max Loss:   Cost basis of $60.65 if assigned.
Stop Loss:  $61.48.

source: mastertrader

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