AMEX:XLP   SPDR Select Sector Fund - Consumer Staples
Marks its extreme Oversold Levels. Will wait for triggers.
There are some fat premium stocks that can be good for spread selling.
As far as indices, Premium selling is not bad idea, essentially this would be a directional trade. Consider RTM (Reversion to the mean) i.e., The Momo Oscillator goes back to its mean.


This is an indicator that someone will pack it and sell eventually. Watch out.

Uday C Santhakumar
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