Major pullback expected in financials

Name: Major pullback expected in financials
Uploaded: 2021-04-15T19:17:06.737607
Channel: markethunter888
Description: I see an easy 10%-15% downside risk opening up in XLF. I have taken a short position via 34 strike price puts for may 21 expiry. My target is 31 to close position and will consider going long @ 29 level.

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SPDR Select Sector Fund - Financial (AMEX:XLF)

AMEX:XLF SPDR Select Sector Fund - Financial

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I see an easy 10%-15% downside risk opening up in XLF. I have taken a short position via 34 strike price puts for may 21 expiry. My target is 31 to close position and will consider going long @ 29 level.