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SELECT SECTOR SPDR TRUST TECHNOLOGY SELECT SECTOR USD DISSELECT SECTOR SPDR TRUST TECHNOLOGY SELECT SECTOR USD DISSELECT SECTOR SPDR TRUST TECHNOLOGY SELECT SECTOR USD DIS

SELECT SECTOR SPDR TRUST TECHNOLOGY SELECT SECTOR USD DIS

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XLK trade ideas

OPENING: XLK AUG/SEP 72/76 BEAR PUT DIAGONALBOT +1 DIAGONAL XLK 100 21 SEP 18/17 AUG 18 76/72 PUT @2.75 Paid 2.75 (debt is 69% of the width ) Breakeven @ expiry $73.58 -39 delta, .96 theta Max Loss : $275 Max Profit : $126 Notes: Opened a bearish trade here fade the recent rally and add some negative deltas to balance the portfolio. Following another great trade idea from NaughtyPines! (link below) Rationale: Any number of reasons a summer 'tech-wreck' could evolve: trade war, AAPL cutting mobile parts orders from suppliers, weakening Chinese economy etc ... The top holdings are; AAPL, MSFT, FB, GOOG, V, INTC, T, VZ, CSCO (not sure how V is a 'tech' name?) Some fundamentals on XLK : The forward PE is near 19, and P/B ratio over 5. There's almost no yield, so it's all about the estimated earnings growth , which if revised down should get punished. Based on a _DCF valuation model: XLK fair value around 75 by year end... based on 2019 earnings estimates and assuming 13.6% earnings growth . For the same deltas you could short 40 shares of XLK and borrow $2850 worth of stock, but would be charged the overnight borrowing rates as well.
AMEX:XLK
by dime
The XLKs are the main thing I'm watching this weekI think that the most important thing to watch in the equities market this week is the action in the Technology Sector...the XLKs. They are testing an important resistance at the $71 level. This level is important because it was an all-time high in March, followed by a quick selloff. Then it became support throughout most of May. If the XLKs fail here they will take the broader markets lower. This sector is the largest in the S&P 500 at 28%. As of right now they (11:31) they are trading just above it at $71.26, but they are off their highs. My guess is that they will roll over in the next few days but only time will tell. I try not to be 'married' to an idea because I'm the first to admit that the market knows more than I do. I try hard to not have opinions and just to be an observer and let the markets tell me what to do, but as experienced traders know this is much easier said than done.
AMEX:XLK
by Mputrino
XLK Potential Bull Trap; " Bearish Throw Over" Pattern.The S+P Technology ETF XLK experienced a "Bearish Throw Over" Break to the Downside on 6/25,pattern noted often by Trading View trader Geoff, occurring when price breaks above resistance, trading above it for multiple days, only to break back below it, dropping price back into the previous pattern, and with it, a potential " Bull Trap " now exists on the XLK chart. NYSE FANG Index has a similar pattern building , as big technology shares reversed from their recent break to the upside. THE_UNWIND
AMEX:XLKShort
by The_Unwind