Wednesday, February 20, 2013

Bought XLV Mar 16 '13 $43 Put @ $0.34...


XLV, a healthcare ETF, is trading at its 5-year high and it looks like there could be a bearish divergence formation setting up on the 10-day 15 minute chart with volume tapering off.

This is a small position and definitely against the trend, but if we get a sell-off of 5-10%, gains could be substantial.



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