Consumer Staples Select Spiders (XLP) Worth a Look

Consumer Staples Select Spiders (XLP, $64.85, up $0.55)

XLP September 65 calls (XLP200918C00065000, $0.80, up $0.15)

Entry Price: $0.70 (8/17/2020)

Exit Target: $1.40

Return: 14%

Stop Target: None

Action: Lower resistance at $64.50-$65 was recovered with shares closing on the session high of $64.85. Support remains at $64-$63.50.

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