As I discussed Monday, I like Industrial Select Sector SPDR Fund (XLI) to outpace the major indices over the next few months.
I just do not see the same upside in the Nasdaq 100 index (QQQ) at this point -- it's already picked up the performance. Obviously I could be wrong, but it feels like the QQQs have run their course until the U..S economy fully opens up.
Apple (AAPL) has popped pretty nicely over the last few days. I think it's a fade, yet again. The AAPL June $300 puts are less than $5.00. I think they go to $10 the next time AAPL sells off.
With how much of the indices that AAPL makes up, the trip down will truly be an elevator. Thus I do not mind buying these puts.
Trade:
Buy to open 1 AAPL June 19 $300 put for $4.90.
At the time of publication, Sebastian had no positions in any securities mentioned.