Utilities Trendline Broken

My XLU put options (January 2019 $54 strike) are doing well this morning, thanks to the continued breakdown of the Dow Utilities. It’s nothing dramatic, but – it’s progress!

It’s not an accident that I chose such a distant expiration date. I have no intention of seriously closing this until such time as XLU is in the upper 40s.

Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

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