TB/TM:" XLU - Utilities Sector SPDR "
Berney, check out the intra-day waves in XLU since the end of July...
quote.com
...they show up nicely at a resolution of XLU,240 minutes, and have an apparent 1/2-point extent that may be a tradeable phenomena. One could perhaps use a fast, intra-day sto and the apparent DownTrend Channel Lines.
The components of this XLU thingy are heavy with PNX.X baby bells, then UTY.X utilities. The apparent DownTrend channel may stop (PNX.X is at a support line right now) but the "waves" may persist... dunno.
PNX.X - Phone Sector components...
SBC = 15.02%
BEL = 13.38%
BLS = 11.71%
GTE = 9.71%
AIT = 4.87%
USW = 4.04%
AT = 2.80%
then UTY.X - Electric Utility Sector components...
DUK = 2.74 %
SO = 2.58%
PCG = 1.78%
... etc ...
options.nasdaq-amex.com
XLU has an option chain with strike prices for every whole integer number, FWIW. For 1/2-point extents, I would choose an at- or in-the-money strike, IMHO.
quote.cboe.com
I was thinking, XLU might be a good vehicle for Paul to play with; ie., "Let's Do Options, 101" ?
OTOH a 1/2-point move on XLU underlying for at-the-money options would gain around 35~65% delta, so mebbe I will play with 'em (^_^)
-Steve |
