Sell Alert: Take 125% Profit On XLB Puts

Sherwin-Williams, one of XLB’s largest holdings, has issued an earnings warning as margins are getting squeezed due to rising costs in their manufacturing. We expect more of these types of reports from chemical companies in the weeks ahead. Our XLB puts have risen in value, so we recommend exiting this position for a triple-digit gain.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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