My first straddle with the QQQQ's worked well, so I decided to push forward with another straddle on the Financial Select Sector SPDR (XLF). I picked the May $8.00 strike price, which should give me more time for the market to decide which direction it would actually like to follow, thus a large up/down swing. It's also trading on lighter volume and right near its 50-day moving average.
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