02-22-2021, 11:42 AM
(02-22-2021, 10:26 AM)Otter Wrote:I sold some leaps but still have my $45 strike calls on xle. Xle going $50(01-26-2021, 10:19 AM)Otter Wrote: Added some 01/21/2022 XLE $45.21 calls at the end of the day yesterday for $3.74/contract. An overall energy sector gain of ~10% in a year (Breakevens at expiry are $48.94), when the underlying commodity has risen less than other inflation-sensitive commodities to date seems like a fair bet.
Sold these today for $7.30/contract. Didn't expect the energy sector to run up that fast. Close to 100% gain in the LEAPs over three weeks.