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.