Jason’s BigDeaL Trade Alert #23 The third time's a charm, but so were the first two: We entered XLE's $70-strike September puts on Thursday, at around $1.90 – $1.95 was the highest price anyone paid for the puts all day long. I didn't set a price target, since I didn't want to cut our gains short. The next day, the puts opened at $2.16 and went as high as $2.72, which would have allowed us to take one-day gains of more than 40%. However, holding the puts over the weekend has been even more lucrative: As of this writing (1:59pm ET), they were trading at a bid/ask of $3.50/$3.60. ...

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