Short Put For XLF Shorts To Repair Damage

posted in: Derivatives, Equities, Technicals | 0

XLF shorts who are slightly underwater can use options to repair the damage. Hypothetically last Thursday, XLF ($28.06) was shorted intraday at $27.96 ($27.84 adjusted for dividends). Here was the thought process. The ETF remains overbought on nearly all timeframe.  … Continued