$XLK - August 3 $72.50 PUTS

23 Tem 2018

Anticipating a 2% to 3% drop prior to month end, we are purchasing the August 3, $72.50 strike PUTS. Paying $0.83, we need a move below $71.60 to get us profitable. Ideally, we will get a decent drop early and can exit the position this week.