Small Account Trader PRO Alert: Roll XLE Short Options
Energy stocks continue to rally. Let’s roll our XLE short options out and up for a solid credit.
TRADE ROLLS
SPDR Energy ETF (XLE): 89.69
TRADE ACTION 1: ROLL the XLE 13 Jan 83 put to the 3 Feb 85 put for a net credit of around 1.15 to 0.85 to 0.90
BTC the XLE 13 Jan 83 put
STO the XLE 3 Feb 85 put
TRADE ACTION 2: ROLL the XLE 13 Jan 88 call to the 3 Feb 89 call for a net credit of around 1.15 to 1.20
BTC the XLE 13 Jan 88 call
STO the XLE 3 Feb 89 call
The Master Portfolio is trading 5 contracts.