The SPDR Energy ETF (XLE) has pulled back over the last 2 days. Let’s roll our 23 Sep short call out two weeks and down to adjust the trade. This will require an additional $200 per contract of margin (option buying power).

TRADE ROLL

SPDR Energy ETF (XLE):  76.85

TRADE ACTION:  Roll the XLE 23 Sep 82 call to the 7 Oct 80 call for a net credit of around 1.25

BTC the XLE 23 Sep 82 call

STO the XLE 7 Oct 80 call

The 50K Portfolio is trading 5 contracts.