We’re in a position where we can close our XLF trade for profits.  Let’s close the position before the Fed announcement later this week.

TRADE CLOSE

SPDR Trust Financial ETF (XLF): 36.26

TRADE ACTION: Sell the XLF 10-FEB 29.5 / 34.5 put spread and the 34.5 / 35 call spread for a net debit of around 0.50 – 0.52.  Don’t go higher than 0.52. 

STC the XLF 10 Feb 29.50 put
BTC the XLF 10 Feb 34.50 put
BTC the XLF 10 Feb 34.50 call
STC the XLF 10 Feb 35 call

The master portfolio is trading 5 contracts.