Today in finance club, we sold a put spread on XLE. The details are as follows.
- Bought 6 of the March 18th 2016 52 puts for $0.73
- Sold 6 of the March 18th 2016 53 puts for $0.95
Thesis: This Energy ETF will be above $52.78 by March 18th for maximum profit.
This trade is for Michael, Aabhash, and Nolan