Audacity618

BTD on REITs

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AMEX:IYR   iShares U.S. Real Estate ETF
Keeping it simple with a pitchfork idea on this REIT etf IYR . REITs and Utility stocks got sold off as traders rotated out of dividend stocks and into growth stocks. I believe a limit buy under $91 is a conservative entry with a sell limit near the middle of pitchfork . However, I'm leaning towards a credit put spread at $91/$90.5 3-4 weeks out. Keep the TNX on watch for negative correlation effects on IYR .

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