Alert: XBI – close position
Ticker: XBI
Price: $83.07
Date: 3/1/23 11:00 am
Underlying: S&P Biotech ETF
Est. Net Debit/Credit: (variable depending on if assigned)
Master Portfolio Contracts: 20
Notes: We received word that some people were assigned the 88 puts. Closing instructions will depend on if you were assigned shares.
Trade Detail:
If not assigned:
Trade Action 1:
BTC 3-MAR 88 put
STC 21-APR 88 put
Price: 1.35 – 1.55 credit
Trade Action 2:
STC 21-APR 83 put
BTC 3-MAR 83 put
Price: 2.77 – 2.82 credit
If you were assigned shares:
Trade Action 1:
Sell shares for around 83.00
Trade Action 2:
STC 21-APR 88 put
Price: 5.95 – 6.25 credit
Trade Action 3:
STC 21-APR 83 put
BTC 3-MAR 83 put
Price: 2.77 credit – 2.82