The Founders Group is adding a 5% position in XLF at-the-money calls expiring on 11/19 in the Navigator swing strategy. The XLF price was $38.75 at the time of execution. In our case, we picked up the 39 calls expiring 11/19 39 at .94 each. This brings us to a 25% total invested position with the SPY calls.
Whether it is our SPY or XLF calls. we are using the 5-day EMA as our stop line. A close below that line, even for a few hours, would likely trigger our stop, and we will share our decision immediately on these pages.
A.F. Thornton