Nice. True to form, it looks like healthcare stocks weren’t a safe haven for a nervous market after all.
XLV is down 1.2% today. And our puts now represent about 12% in paper profit.
Sell XLV August 27 $138 puts (XLV210827P00138000) at market price.
(That’s the right contract but the link might not come up immediately. We were early here.)
As volatile as the market mood is, we could see a real flight to safety tomorrow. Or the bulls may emerge from hiding to buy healthcare stocks on the dip.
Either way, we’ve made our money here. Lock it in and be ready for the next one.