Open New XBI Trade

September 30, 2022

NEW TRADE:  Hedged Synthetic Covered Call

 

SPDR S&P Biotech ETF (XBI): 80.62

 

TRADE ACTION 1:  OPEN the XBI 18 Nov 82 / 77 put spread for a net credit of around 2.05

STO the XBI 18 Nov 82 put

BTO the XBI 18 Nov 77 put

 

TRADE ACTION 2:  OPEN the XBI 18 Nov 81 call / 7 Oct 82 call spread for a net debit of around 4.30 – 4.32

BTO the XBI 18 Nov 81 call

STO the XBI 7 Oct 82 call

 

The 50K Portfolio is trading 5 contracts.