XLE Put credit spread exp Feb 23, 2024

9 בינו׳

XLE came down into, touched and wicked the weekly close
of the week 12/04/2023 yesterday.
I did not have an alert set so I missed the first opportunity.
It wicked it on the daily chart.
So this morning around 10 I saw it was near the lows of yesterday again.
and the 2 weekly levels around 81 also held price in mid Dec 2023.

I sold the 80 Put strike at 3 wide down to 77.
The chart has some 5min FVGs inside the 81 range in Pink bands
And the Daily levels in Blue with a final weekly level at 77.

So yes, price could reenter below 81, but that May-July 2023 price
action looks like a balanced price range from 77-81 to me.
Which is why I sold 80.

#### Sell to Open
Symbol XLE
Open Date 1/9/2024
Put or Call Put
Expiry Date 2/23/2024
Short Strike 80
Long Strike 77
Price to Open 0.62
Min Width Multiple 6
Risk Ratio 3.84
Return on Risk 26.1%
Opening DTE 45
1 Day ROI% 0.58%
Max Annual ROI % 211.3%
Buyback to Close
Open to Roll
Closing % Cost on Opening Credit
Net Roll % on Opening Credit
Closing Date
Closing Price
Closed Margin ROI %
Closed Annual ROI %