Small Account Trader PRO Alert: Roll XLE Short Options

Our XLE short options expire today. We have a small profit in this trade so that we can roll our short options out two weeks and collect more credit.

 

TRADE ROLL

 

SPDR Energy ETF (XLE):  87.00

 

TRADE ACTION 1:  ROLL the XLE 30 Dec 83 put to the XLE 13 Jan (23) 83 put for a net credit of around 0.72 to 0.78

BTC the XLE 30 Dec 83 put

STO the XLE 13 Jan (23) 83 put

 

TRADE ACTION 2:  ROLL the XLE 30 Dec 88 call to the XLE 13 Jan (23) 88 call for a net credit of around 1.65 to 1.70

BTC the XLE 30 Dec 88 call

STO the XLE 13 Jan 88 call

 

The Master Portfolio is trading 5 contracts.