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.