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.