Like many sectors, the consumer discretionary sector has enjoyed a strong year, rallying more than 16% in 2023.
Against this backdrop, one sector to watch is consumer discretionary.
With this view in mind, I am looking to put on a bearish options trade on the Consumer Discretionary Select Sector SPDR fund (XLY) , which tracks the performance of the S & P 500 consumer discretionary sector.
When selling credit spreads, you bring in a premium when you open the trade.
BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons:
Wall Street's, XLY, Nishant
Organizations:
XLY
Locations:
Red