In late March, we took the opportunity to lock in a 52% profit on the first third of the call options I recommended buying on logistics and freight company Expeditors International of Washington (Nasdaq: EXPD). We’d been in the position for just two weeks.
We pulled the trigger on that trade on March 20 … two days after (what turned out to be) the highest high in VXX, and one day before what would be the lowest low in the S&P 500.
After being in position for just over two weeks, we have the opportunity today to lock in a profit of greater than 60% on the SPDR Utilities Sector ETF (NYSE: XLU).
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