Retail Sector is Booming: Time to Buy?

Did you see XRT break through its 52-week high? This is a red hot alert for me. Let's dive in. February 28th, 2024 Retail Sector is Booming: Time to Buy? Dear Reader, Did you see XRT break through its 52-week high? This is a red hot alert for me. Let's dive in. The XRT ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SP Retail Select Industry Index. Now, let's begin to break down the Daily Price chart for XRT. Below is a Daily Price Chart with the price line displayed by an OHLC bar. Buy Signal Spotted for XRT The Daily Price chart above shows that the XRT ETF has been hitting new 52-Week Highs regularly over the past week. Now, since the XRT ETF is making a series of new 52-Week Highs and will likely rally from here, let's use the Hughes Optioneering calculator to look at the potential returns for an XRT call option spread. For this option spread, the calculator analysis below reveals the cost of the spread is $400 (circled). The maximum risk for an option spread is the cost of the spread. The analysis reveals that if the XRT ETF is flat or up at all at expiration the spread will realize a 50.0% return (circled).  And if the XRT ETF decreases 7.5% at option expiration, the option spread would make a 22.3% return (circled).  Due to option pricing characteristics, this option spread has a 'built in' 50.0% profit potential when the trade was identified*. The prices and returns represented below were calculated based on the current ETF and option pricing for XRT on 2/27/2024 before commissions. Option spread trades can result in a higher percentage of winning trades compared to a directional option trade if you can profit when the underlying stock/ETF is up, down or flat. A higher percentage of winning trades can give you the discipline needed to become a successful trader.  The Hughes Optioneering Team is here to help you identify profit opportunities just like this one. Quick Trades from Chuck! Chuck Hughes launched his exciting new trading service program, Lightning Trade Alerts. This new service focuses on low-cost & short-term options trade. Members will receive hand-picked options trades from the 10-Time Trading Champion, Chuck Hughes. Call our team at 1-866-661-5664 or 1-310-647-5664 to join or CLICK HERE to schedule a call!  Wishing You the Best in Investing Success, Chuck Hughes Editor, Trade of the Day Enroll today to receive expert tips, live event notifications, and exclusive discounts. Access Chuck's trading wisdom through our complimentary text alerts!  [Register for free!]   See Related Articles Momentum Drives Vertiv's Bullish Surge Industrial Stock Primed to Buy Industrial ETF Rides Incredible Breakout     © 2024 Tradewins Publishing. All rights reserved. | Privacy Policy | Terms and Conditions | Contact Us If you didn't create an account using this email address, please ignore this email or unsubscribe using the link below. To ensure delivery of this email to your inbox and to enable images to load in future mailings, please add todaystrade@chuckstod.com to your e-mail address book or safe senders list. DISCLAIMER: Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by Legacy Publishing LLC. For additional information on auto-trading, you may visit the SEC's website: All About Auto-Trading. The information provided by the Legacy Publishing LLC ("Legacy") Trading Services, newsletters and educational publications ("Services") is not customized or personalized to any particular risk profile or tolerance. Nor is the information published by Legacy a customized or personalized recommendation to buy, sell, hold, or invest in particular financial products. Past performance is not necessarily indicative of future results. Please note that results may not be typical and can vary from person to person. There are inherent risks involved with investing in the stock and options market, including the loss of your investment. Any investment is at your own risk. You should only trade or invest your "risk capital" – money you can afford to lose.

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