Right on the heels of a win in XLP, we have a loss.
XLP behaved well the first time yet on this trade, it did not keep inside our expected move, meaning that it was performing worse than it should have 75% of the time.
We also cover how a long option's Gamma gives you more of what you want vs more of what you don't want versus selling options. Knowing this has helped change our style of trading to be more profitable by having much smaller losses.