3309 Drysdale Ct
Edwardsville, IL 62025
XLE hit 200 DMA today. I'm seeing some divergence on 3 minute so
starting to build position here (swing trade to 9...hopefully)
Right on cue, Najarian says unusual activity in XLE puts
today....which would indicate the 200 isn't thought to be
supportive (by whoever is buying the puts anyway).
Maybe h e just wants us to buy them puts in XLE
XLE - Or someone building a long position is buying
Exactly, that's the tough part about analyzing daily flow in
That's what he was suggesting. I did the opposite and sold AUG
58 puts (effectively going long). I think owning XLE with a cost
basis in the 56 range won't be horrible in the medium term...if it
drops further and gets put to me.
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