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SPDR S&P Retail ETF

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XRT trade ideas

XRT Bullish inclined Naked Puts 26 Nov Expiry (Nov Track 1)Whats The Plan/Trade/Thought Bullish Stance XRT are retail discretionary companies and right now there seems to be alot of optimism. Consumers seem to be find paying for the current rising prices of products. I think will continue with the festive period Sep Consumer Spending has lost momentum but still grew at 1.4% Sep Personal income was up 0.9% Current price has broken a key S&R line at 98. My targetted Stike is 86.5 and is below another S&R line 89. Price to strike is around 14% seems decent especially since the current price movement is very bullish I Feel Feel ready to trade, slightly impatient cause I want to lock this in Imagine Yourself Taking The Other Side Inflation related concerns might hit anything consumer fronting hard and with the 4 Dec review on the Debt ceiling there might be some concerns and media coverage as we get closer Bit concern as I was expending to trade in a sideways bearish volatile movement. But the past 2 weeks have made the market very clearly bullish. Trading my original plan seems almost contrarian Imagine Yourself As A Neutral Observer There is optimism in this trade, however the long cancel on the 3 Nov seems unnaturally long. This means it might gap back into the range But the bullish momentum matches the current market sentiment and if we are being pure in trading what is in front of us and not making predictions. This is the right decision Look For New Information Top 9 out of the top 10 holdings are all up with AEO the highest at 6.26% (American Eagle Outfitters) How Do I Feel Now I think this and my VXX trade is very aligned and while it opposes my early market reading - Sideway Bearish Volatile. Purely trading what is in front of me is a clearly Strong Bullish Trade Specs Sold 0.38, 70 Put Contracts @ Strike 86.5 % to Strike 14% ATR % is around 50% BP used 60k Max Gain: est $2660
AMEX:XRTLong
by Ronin_trader
2
XRT Bullish inclined Naked Puts 17 Dec Expiry (Dec Track 2)Whats The Plan/Trade/Thought Feels like a safe position given that the market is seeming very bullish at the moment XRT has also broken a key resistance line and that transforms it into a solid support line XRT are retail discretionary companies and right now there seems to be alot of optimism. Consumers seem to be find paying for the current rising prices of products. I think will continue with the festive period Feds are probably not going to increase interest rates in Dec so we can expect that to not be a concern I Feel Solid and Confident Imagine Yourself Taking The Other Side As a fact the inflation rate is high and it has already impacted wages and prices. Prices of durable goods are high vs last year Supply chain issues that are resulting in retailers unable to cope with demand is still not solved and this will have an impact on business that do not have ample reserves to sell Imagine Yourself As A Neutral Observer While inflation is a concern the market is showing a lot of bullishness This feels very straight forward Look For New Information Nothing new How Do I Feel Now I'm confident to pull the trigger Trade Specs Sold 0.65, 85 Put Contracts @ Strike 89 % to Strike 12% ATR % is Around 21% BP used 75k Max Gain: est $5525
AMEX:XRTLong
by Ronin_trader
XRT Bullish inclined Naked Puts 29 Oct Expiry (Oct Track 1)Whats The Plan/Trade/Thought Market is returning to a Bullish / Ranging state With the Evergrande dip it seems we now have room for another bullish retracement XRT had no major reaction to Evergrade dip and is rising with the market and is now about Evergrande. Pricing at 0.50 seems decent (11% from strike) -80, 60, strike 85 XRT has the best contract price of all that I am keen on Imagine Yourself Taking The Other Side Previously XRT was making lower highs. This is somewhat bearish It feels like I have no other options The retracement could be a short lived reaction to the sudden dip. People reentering the market Delta or inflation concerns could put a damper on retail driving drops Imagine Yourself As A Neutral Observer There is alot of optimising for the plan, this is a feeling I always feel before I enter a trade. The Opposite side has good simple arguments but feels dwarfed against the biased optimism I am rejecting the larger concerns of delta or inflation and placing alot on the reaction of Evergrade. Using it as a focal point on market sentiment Look For New Information Two days ago 21 Sep - Retail sales showed a rebound despite Delta. +0.7% probably fueled by back to school shopping. Online purchases were the key driver of the sales. Employment is down 0.2% and consumer prices increase by 0.3% How Do I Feel Now I think with the new information on the retail sales I feel more confident but still slightly concerned and aware about the previous lower highs Sold 80 PUTS @ 0.47 Strike 85 % to Strike is 10.4% from entry ATR percentile is low Max Gain: est $3760 Total BP Block: 75K
AMEX:XRTLong
by Ronin_trader
XRT ETF Bullish inclined Naked Puts 24 Sep Expiry (Sep Track 1)This is Track 1, Trade 1 of the September trades. This trade generally follows the larger market bullish move as it seems like Retail is taking the Delta virus and inflation news on its stride. There will be price drops if those concerns surface again, but from what I've noticed, its all very short term. We also see retail hiring more aggressively and in the short term this means that business owners are somewhat optimistic and ready to get their business rolling full swing. Sold 25 Puts @ 0.50 Strike 85 % to Strike is 11% from entry ATR percentile is a middle, so this could be improved. Rising RSI , tied to an uptrend of lower highs Max Gain: est $1250 Total BP Block: 28K
AMEX:XRTLong
by Ronin_trader
XRT ETF Bullish inclined Naked Puts 20 Aug ExpiryI entered this XRT trade with a high BP of 59K because I wanted to reduce my exposure on VXX. I'm getting the feeling that the market is reaching a stage where the bullish steam is running out. Especially with rising Inflation concerns. VXX to me is dangerous because it is exposed to Tech stocks which are currently sky-high and a drop in tech could be pretty ugly. What irritated me was that one day later the market drops due to inflation worries and the prices of my XRT contracts increases... I think I need to look at planning my selling of contracts together with the economic calendar as high volatility gets me a good price also. Good new is that the retail sales numbers unexpectedly rises by 0.6% in June and this basically shielded XRT to an extend. Sold 70 Puts @ 0.50 Strike 85 BP Block: 59K Max Gain: Est $3500 % Distance to Strike: 10.61%
AMEX:XRTLong
by Ronin_trader
XRT ETF Bullish inclined Naked Puts 23 July ExpiryI originally planned for XRT to take up 45% of my BP but some how my week earlier VXX trade's required BP suddenly increased and so for July XRT is back to around 30% BP So far it seems like the inflation worries have been quietened at least for the time being. I do feel it is a matter of time. This is why I need to reduce my exposure to VXX as it is very vulnerable to the tech sector which is very volatile. XRT is retail and seems somewhat conservative at this point, but I need to find one which is more inclined towards consumer staples. Sold 45 Puts @ 0.85 Strike 85 BP Block: 48K Max Gain: Est $3825 % Distance to Strike: 9%
AMEX:XRTLong
by Ronin_trader
Bull Run?Did you miss us, wolves?🔥 There is a great formation only for you! AscendingTriangle on XRT. However do not rush the trade and wait for the clear signal. According to Elliott Waves theory all the waves are done and now the price is heading to the breakout. Follow the chart and look for the breakout carefully. _____________________________________________________ If you enjoy my FREE Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
AMEX:XRT
by Berzerk_invest
2
XRT ETF Bullish inclined Naked Puts 18 June ExpiryXRT is my JETS replacement. This month I was also trying to enter JETS but I couldn't get in at a good price. XRT is an ETF reflecting the US retail industry, specifically the Consumer Discretionary segment. I selected them because with the pandemic optimism and the decreasing unemployment, I expect the customers to be less tight on their retail habits especially on everyday items. ATR is low which is a good sign but my worry is the S/R line just above at 95, which might cause a retracement. But if it breaks through it would be a nice padding. Sold 50 Puts @ 0.5 Strike 82 BP Block: 43K Max Gain: Est $2500 % Distance to Strike: 13%
AMEX:XRTLong
by Ronin_trader
XRT ETF Bullish inclined Naked Puts 14 May ExpiryI am diversifying beyond selling puts on JETS as it seems to have had a significant bullish run. XRT is an ETF reflecting the US retail industry, specifically the Consumer Discretionary segment. I selected them because with the pandemic optimism and the decreasing unemployment, I expect the customers to be less tight on their retail habits especially on everyday items. etfdb.com Sold 50 Puts @ 0.78 Strike 83 BP Block: 51K Max Gain: Est $3,900 Touch Probability: 62% % Distance to Strike: 8%
AMEX:XRTLong
by Ronin_trader