Roll XLE Short Calls
October 6, 2022
Oil prices are on the rise again which is good for our SPDR Energy ETF (XLE) position. Let’s roll our short calls up and out.
TRADE ROLL
SPDR Energy ETF (XLE): 81.65
TRADE ACTION: ROLL the XLE 7 Oct 77 call to 21 Oct 78 call for a net credit of around 0.30 to 0.35
BTC the XLE 7 Oct 77 call
STO the XLE 21 Oct 78 call
TRADE ACTION: ROLL the XLE 7 Oct 80 call to 21 Oct 82 call for a net credit of around 0.45 to 0.52
BTC the XLE 7 Oct 80 call
STO the XLE 21 Oct 82 call
The 50K Portfolio is trading 5 contracts.