Small Account Trader PRO Alert: Roll XBI Short Call
The XBI continues to move in a narrow trading range allowing us to roll our short call on our hedged synthetic covered call for more cash. Let’s roll it out one week.
SPDR S&P Biotech ETF (XBI): 81.00
TRADE ACTION: ROLL the XBI 4 Nov 81 Call to the 11 Nov 81 call for a net credit of around 1.24 to 1.27
BTC the XBI 4 Nov 81 call
STO the XBI 11 Nov 81 call
The Master Portfolio is trading 5 contracts.