Technology Select Sector SPDR Fund (XLK) trade: Sell Sept. 17 $150 put and buy Sept. 17 $145 put at $1.30 credit. This is a neutral/bullish strategy. I'm looking long volatility in the fourth quarter and third quarter, and would like to see some consolidation in the short-term, says Joe Tigay of The Rational Equity Armor Fund.
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