Small Account Trader PRO Alert: Roll XBI Call

Time to roll our XBI 21 Oct calls for our hedge synthetic covered call position short call. We can roll it out 2 weeks strike-to-strike and collect around 1.50. We entered the trade paying a $2.18 debit and with our last 2 rolls we were back to a no-cost trade. With today‚Äôs roll we can add more cash to our position. 

 

TRADE ROLL

 

SPDR S&P Biotech ETF (XBI): 77.25

 

TRADE ACTION:  ROLL the XBI 21 Oct 81 call to the 4 Nov 81 call for a net credit of around 1.50

BTC the XBI 21 Oct 81 call

STO the XBI 4 Nov 81 call

 

The 50K Portfolio is trading 5 contracts.