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.

TRADE ROLL

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.