XLK trade ideas
XLK short can take profit nowActually i have no idea how many people see my analysis and do trade. I got BA and XLK approaching my target. XLK, i start at 70.71 to 69.98, almost eat all the long position from last Friday.
Anyway, take out the profit and wait.
Congrats to the people making money from my XLK analysis.
XLK, i am wrong, you're a bull, forever?I have a short position last night, and i believe i could made some dollars. However, strong labour market turns DXY from 90.35 down. In this morning, i stop lose and change to long, from 69.93 to Now. Though luck, i cover my lose, but still have question in my mind: is that possible to be a bull forever, MA 50 shows a perfect up trend.
Let's see SPX tests 2781.
XLK for long After i published the analysis of DJI, but it did not happen because of dxy back to 89. That is a good news for market. Lower USD, higher in profit.
XLK now is good for long, even i believe XLK is still a double; however, the price of stock doesn't means real worth. Based on my graph,65.98 is a target position for long, if it could't break, the you need take out profit, and find a close support point to enter again, or do short; more dangerous or uncertain you hold,more money you make. anyway, be careful your trade
XLK - Feb.'18 Exp. Put Vertical Debit Spread (Hedge)Trade details:
66/61 Put Vertical Credit Spread @ $1.82
Prob. of Max Profit = 4.90%
Prob. of Max Loss = 29.12%
Break-even @ $64.18
51 D.T.E.
Trade plan:
Straight up hedge against technology sector/semiconductor industry (NVDA + AMAT long put credit spread positions - both are linked below).
Feb.'18 expiration chosen to focus on Feb.'18 earnings reports for both NVDA and AMAT in case of strong downward plunge in technology sector.
Trade approaches 50/50 play from this point on since break-even price is the same as close price for the day.
Expecting spread to expire worthless if price falls between break-even & $61.00 by expiration, but will take early profit (and re-establish position if necessary) if there is an early move to ~$62.85 level.