Jumping into XLE here.
Oil will need to rebound if the market intends to press on, and we see this as a highly likely scenario.
We also had a very nice bounce off the 50% Fibonacci line, as well as a confirmation of support on the 50 EMA.
With a bullish market and multiple entry factors, this looks like a perfect setup for a 10/20% option return.
Feel free to follow this thread as we will be posting updates as this thing moves like all of our trades.
Good luck, All!