News Formal

How to trade the jump in oil and energy stocks using options

  • 📰 CNBC
  • ⏱ Reading Time:
  • 3 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Energy Select Sector SPDR Fund News

Personal Finance,Markets,Breaking News: Markets

Jeff Kilburg breaks down a trade in the Energy Select SPDR.

Geopolitical tension continues to escalate in the Middle East. Crude oil is nearly $10 higher since October officially kicked off. I believe the price of WTI crude will push even higher in October. I want to use the 2024 lagging Energy Select Sector SPDR ETF as way to express my short-term bullish view on the price of oil. XLE YTD mountain Energy Select Sector SPDR, YTD Oil markets are measuring the possibility of an imminent air strike by Israel on Iran's crude and energy facilities.

Click here for the full disclaimer.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A market hedge using options with the S&P 500 up nearly 20% for the year heading into OctoberJeff Kilburg breaks down a so-called risk-reversal trade in the S&P 500 SPDR fund.
Source: CNBC - 🏆 12. / 72 Read more »

A market and tech hedge ahead of an uncertain Fed decision next weekJeff Kilburg breaks down his thinking ahead of the Fed's big meeting next week.
Source: CNBC - 🏆 12. / 72 Read more »