Small Account Trader PRO Alert: XBI Adjustment – Laddered Iron Condor Rung

TRADE ROLL: LADDERED IRON CONDOR ADJUSTMENT
SPDR S&P Biotech ETF (XBI):  85.66

TRADE ACTION 1: Close the XBI 10-MAR 100/105 call for a net debit of around 0.01 – 0.05
BTC XBI 10-MAR 100 call
STC XBI 10-MAR 105 call

The master portfolio is trading 5 contracts.

TRADE ACTION 2: Open the XBI 10-MAR 87/92 call spread for around 1.37 credit
STO XBI 10-MAR 87 call
BTO XBI 10-MAR 92 call

 

The master portfolio is trading 5 contracts.