Sell Alert: Take 61% Profit On XLY Puts
With rising inflation, retail companies must pay higher costs for labor, merchandise, and transportation on overseas shipping containers. Also, many retail shelves have had items out of stock. That translates into disappointing sales volumes and depressed gross margins. We expect XLY to trade lower in the months ahead, but it has reached oversold levels in this stressed market environment. So, we recommend exiting this position now.
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