By Dan Darrow
August 26, 2022
Intraday Update: XLF
I try to avoid late-session updates, but with today's weak action, it makes sense to manage the XLF Oct21 $35 call. The trade was opened after Powell's statement, and since then, the market has dropped sharply and XLF has rolled lower with it. The ETF is within $.02 of the 33.80 stop (as of writing this), and the weak finish seems to indicate a down open for Monday, so the trade will be closed before the end of the day today.
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