Next Friday is Options Expiry. I hope the market holds so I can liquidate all my shares via exercises. You’ve heard the expression, Sell in May and Go Away! Well, I’m not going away but I am going to focus on Energy this summer. I have a feeling it will perform exceptionally well this year. If everything holds, I’ll make an additional $750 next week on my SMH holdings and be called away and sit in cash. My FXI mini-trade will likely get called as well and I’ll bank those profits.
What’s hot for June? FXI, XHB, EWZ and GDX. With the Fed holding rates steady, GDX might be a prudent play but you never know!
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