Hind Sight is 20/20
Man we sold XLP waaaaaaaaaaaaaaaayyyyyyyyy toooooo early! But we did make money on the trade lol. Looking at the chart now I'm kicking myself, check it out:
see the green arrow indicating when we bought and red indicating when we sold
My speculation was that the consumer staples sector (XLP) would stay above $53.5 and gradually move up towards $55.5 before 24 Nov 2017. We bought the call spread on 10 Oct and sold on 16 Nov as we had to endure her dipping under our strike of $53.5 notated by the red, horizontal line segment. Then after we sold the position for a $35 again right after being negative in the position the ETF took off to close at $56.72 today 04 Dec. Hind sight says we should have roll that profit and principal right back into the same name, but experience has taught us wait for the pullback.
