Alert: Roll XOP as adjustment and add calendar

Ticker: XOP
Price: $132.77
Date: 3/8/23 1:45 pm EST
Underlying: SPDR Oil & Gas Exploration ETF

Est. Net Debit/Credit: $810 debit

Master Portfolio Contracts: 10

Notes: Roll the 10-MAR 139 call and then open a new put calendar

Trade Detail:

TRADE ACTION 1:  trade roll
BTC 10x 10-MAR 139 call
STO 10x 24-MAR 139 call

Price: 1.39 credit

TRADE ACTION 2:  open a new calendar
BTO 10x 21-APR 128 put
STO 10x 24-MAR 128 put
Price: 2.20 debit

Position After Trade Action:
+10 XOP 21-APR 139 call
-10 XOP 24-MAR 139 call
+10 21-APR 128 put
-10 24-MAR 128 put