Fade Trade: XLU Utilities

The DJUSUT and XLU have been way outperforming the broad market today, that's a very defensive trade.

In any case, while I wouldn't want to take a swing position, I think there's an opportunity to fade the move as it looks like they'll be coming down intraday, maybe better, the problem is I think you need leverage, the ETFs are very low volume and it's not the best volume either as you can imagine in options (puts), you have to have a pretty tight expiration, but it's worth a look.

DJUSUT

 5 min negative

3 min negative

XLU...

 5 min negative

3 min negative

2 min negative.

This looks like it's coming down intraday, but I wouldn't consider this more than a fade trade and a tricky one.