If you didn’t exit the LUV call for the win yesterday, take what is left of the profit today. This has been a bit of a regroup day. It is very tempting to go after the broader market trade with some more SQQQ calls but it is a bit too squirrely right now for my taste. I think the pros like Joe Duffy and Keith Harwood have been spot on in their comments to find the winners of the rotation that is going on.

It looked like today one sector was getting a little more joy than most and there is a pretty easy way to trade it. It was in a solid trend before the wild election swings and is settling back into that trend again. This momentum is making it look attractive for the right option trade. Here is what we are going to look at as the next opportunity.

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XLF is a financial focused ETF and with a lot of the money rolling into this sector, calls on this ETF are an easy way to trade that move. The Jan 15 60 calls are at about .95 right now. That give the move time to play out and is a cheap enough contract that a small position could work.

We will be dialing in on this through the rest of the week and keep our eyes peeled for other bargains.

Keep learning and trade wisely,

John Boyer

Editor

Market Wealth Daily