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Click-Capital

$XLE bounce with cheap OTM calls

Long
SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)  
Click-Capital  
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
Chart Patterns Technical Indicators calloptions Double Bottom volatilitytrade
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chartpattern indicator calloptions doublebottom volatilitytrade
Energy was the stand out sector today up 3.74% on good volume.. as we mentioned a few days ago it looks to have confirmed a double bottom and being the cheapest sector on a fwd p/e and price/book basis it’s a contrarian and catch up play some major players are getting into.. more to come here.. some upside OTM calls IVs are cheaper than ATM and HV..
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