Weekly Wiretap Pick Of The Week XLE

MAX Trade Potential: 47%

My Trade Plan Details:

• XLE June 20 $90 puts $2.20 to $2.40 (more closer to open)
• Stop: XLE breaks above $91
• Target 1: $87
  
• Target 2: $86
  
• Target 3: $84
  

My Reasoning:

1. Overall medium term oil price weakness

2. Broader Market Rotation

3. Fed Uncertainty + Inflation