Consumer Discretionary Select Sector SPDR Fund (XLY)

Update 10/7/2021: I’ve exited my long put position on XLY for a debit of $4.80, a loss of $1.95 per contract/share. Shares were trading at $180.78, down $3.22 from the entry level.

The Implied Volatility Rank at exit was 23.30, down 4.9 points from the entry level.

I exited based on a sell signal from the Fisher Transform indicator.

Shares declined by 1.98% over seven days for a -91% annual rate. The options position produced a 28.9% return for a -1,506% annual rate.

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I have entered a long put on XLY, using options that trade for the last time 78 days hence, on December 17. The premium is a $6.75 debit per contract share and the stock at the time of entry was priced at $180.78.

The Implied Volatility Ratio stands at 28.9%.

The position must be managed by October 15, which 63 days before the last trading day.

Premium:	$6.75	Expire OTM
XLY-long option	Strike	Odds	Delta
Put
Long	180.00	49.0%	46

I entered the position based on a buy signal from the Fisher Transform on a daily chart.

By Tim Bovee, Portland, Oregon, September 30, 2021

Disclaimer

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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Based on a work at www.timbovee.com.