As shown on the chart, there were 4 times in since Sep when buying oversold XLF (using RSI(14) below 30 in this example) would allow one to capture 10-30% EACH time using simple %profit exit strategies. Right now we may be at point #5 that might lead to a similar outcome. I would like to note that the bounces were quick, so playing XLF options into expiration in 2 weeks has added rewards (and risks). One strategy is to sell March puts on XLF and wait if they expire worthless. But if XLF drops more one may get stuck with XLF longs after assignment. Buying calls is another alternative or just buy the underlying? I want to be bullish but I am afraid to be too early. I did not think financials could get as low as they did, so they COULD go even lower without consulting with me first Please chime in with your ideas.