Is It Time To Cash Out Of This Energy ETF? (NYSE:XLE)

“With crude oil having snapped a 6-day winning steak Tuesday, is it time to cash out of energy or does the sector still have room to run? If you ask options trader Scott Nations, one day does not make a trend. Besides, he said, there are too many good things helping out the space, including inflation. Tuesday’s dip, therefore, is an opportunity to sell some put spreads instead of taking profits on the space all together,” Drew Sandholm Reports From CNBC.

Scott Nations suggested using options with the Energy Select Sector SPDR ETF (NYSE:XLE).  Nations goes into detail in the video below with his (NYSE:XLE) option trade:

Visit our Energy Select Sector SPDR ETF (NYSE:XLE) category for more details: HERE

Leave a Reply

Your email address will not be published. Required fields are marked *