Close XLE Trade

October 12, 2022

Our SPDR Energy ETF (XLE) is profitable. Let’s close the position today and we can re-set it either tomorrow or during the live trading session on Friday (10/14). We should have a 2.50 to 2.75 net profit on this trade depending on your original and latest fill prices.

 

TRADE CLOSE

 

SPDR Energy ETF (XLE):  79.75

 

TRADE ACTION:  CLOSE the XLE 21 Oct 78 / 82 call and the 18 Nov 77 / 82 call diagonal spread for a net credit of around 4.85 to 4.90

BTC the XLE 21 Oct 78 call

BTC the XLE 21 Oct 82 call

STC the XLE 18 Nov 77 call

STC the XLE 18 Nov 82 call

 

The 50K portfolio is trading 5 contracts.