Staple this Gain for a Very Tidy Profit

Nice double-top and downside divergence on XLP daily charts picked up some Oct 11 60.5 puts for 21¢. MACD says the price should be around $60 or below.

Oct 1: bid/ask spread .27 .28 so looking good so far.

Oct 2: looks like this has hit a bottom and bouncing some, I'm exiting at .57c 250% gain. You have to love the leverage of options.

 

 

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