SPDR Utilities ETF (XLU)
I want to lock in a return and look to sell more put premium in XLU over the next few trading days. By locking in a return in XLU, our total returns for Income Trader will exceed 160% for the first time since inception.
XLU is currently trading for 63.57.
Here is the trade:
Buy to Close the XLU March 28, 2024, 59.5 put for $0.05. (As always, prices will vary, please adjust accordingly.)
If you have any questions, please do not hesitate to email me at andy@cabotwealth.com.
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