Hey guys, this is Spencer and today I'm sharing a trade that I'm currently in and discuss why you can enter it as well! XLU is the SPDR utility ETF and is riding above its 50 day moving average. It is making a series of higher highs on the daily and I believe it will retest the 200 day moving average which is very close. I bought the September 49$ Strike for 3.10 and am looking to make 25% as minimum. Ultimately, with a longer timeview, this option could be worth even more. Take a look at my video and leave a comment.
-I'm bullish XLU.
-I'm bullish XLU.