These are very short term overbought/oversold technical plays only.
Energy (XLE)
Thesis: The Energy ETF is well overbought on a
short-term basis - practically maxed out at 99.98, and the implied
volatility relative to its historical volatility over the past 21
sessions is also giving a sell signal.
Trade: Buy buy buy lots of naked puts! Just
kidding. The XLE April 80/82 call vertical is selling for about $0.60.
There are only 8 days left until April expiration...
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