Update on XLY

The XLY trade using the XLY June 76 put up to $3 opened higher than I thought it would. I still like the downside opportunity in the name, and am updating the trade to be bought as high as $3.50. Ian L. Cooper Inside Value Trader

Consider Shorting XLY

Consumer discretionary stocks – and related ETFs, like the XLY – may have rocketed in recent months on a pullback in oil. But the good times may be coming to an end. The sector is overvalued, as compared to the S&P 500 on many metrics, including price/earnings and...

Exiting XIV, VXX, and RIG

Unbelievably, the markets are screaming higher. I’m just not sure how long this can last. The bulls have completely lost their minds, thinking all is okay. But it’s not. It’s a wait and see right now. For the time being, let’s take more gains off the table. Sell to...