The Next Profit Accelerator Trade is Ready:
We’re bearish the XLK (Technology Sector ETF).
The market is at a precipice. It’s at a turning point.
So here’s the next trade:
BUY XLK PUT
STRIKE: $89
EXPIRATION: 18 SEPTEMBER 2020
PRICE: $8.00
TARGET: $15
STOP: $6.50
This means we are going to buy a put option on XLK, which is a bet that the technology sector will fall.
Now - with that said, we’re at a TURNING POINT in the market right now. It’s possible that the tech sector will recovery, and strongly, and fast - so if we’re wrong, it’s possible that we will close this trade and put a trade on in the opposite direction on Monday / Tuesday this week.
