Updated: Loaded up on XLC for August

I still have cash to deploy, but this trade is set.

I put details on Twetch.

XLC calls remind me of XLY puts at the start of the year. I was targeting XLY because AMZN and especially TSLA puts were far more expensive. To give a ballpark idea for why I like XLC despite it being illiquid, as XLY was back in December and January: for a given rise in XLC and META, the cost of XLC calls is one-tenth the cost of META options. The latter should rally more than XLC, thus it isn't aaples to oranges. Even at the same OTM delta though, XLC is half price. Conversely, if by some luck META actually rips higher and went into the money on this way OTM same-delata call, it would by itself get me halfway to ITM on the XLC calls, despite only being about 18 percent of XLC.

The main holding in XLC is Alphabet at nearly 25 percent of assets. It has about 5 percent to my lower horizontal, about 9 percent up to a resistance area, and 15 percent up to a gap. If this turns into a big rally, then I think it gets to around 15 percent. That would mean a highly profitable XLC trade. As for options, Google is also considerably more expensive for similar strikes. Add in Netflix, and that's almost half the portfolio in