IK, I sold my XLE (Energy sector) PUT Option, since I think the price of Oil won't drop a lot and I had a 22% profit in the Option. Although the broad market will drop into the 40 week cycle low, due the third week of May, I am not so sure that the Oil sector is going to particpate much, in that decline.
Sometimes a Bird In Hand Is Worth Two In The Bush.
Jim
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