XLC options setup targets continued rally as sector momentum improves
CNBC Pro highlights XLC's bounce from the $105 support and a January risk-reversal trade (105/115/125). The structure offers long exposure to roughly $115 for about $0.30, with upside capped at $125 and potential assignment at $105 if breached. Renewed Communications Services momentum suggests XLC could test 115–125 in the coming weeks.
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