Last week, we entered a bearish play on the Energy Select Sector ETF (XLE), which bundles all of the S&P 500's energy companies into a single fund. I recommended XLE's $72-strike August puts, which were trading at $1.58 but quickly surged to $1.67 in the brief time between the writing and publication of the newsletter. Those puts continued to rise as XLE and the price of crude fell, hitting $2.10 yesterday, up 25.7% from our entry price and nearly 33% from the $1.58 bid I first reported. ...

This document is currently available only to members of our BigDeaL subscription.
For more information about our subscriptions, please visit our products page.
Outdated document.
The document was written more than 6 months ago. Information may be outdated.