Alert: Trade Roll – XBI

Ticker: XBI
Price: $85.29
Date: 6/23/23 12:35 pm
Underlying: S&P Biotech ETF

Master Portfolio Contracts: 40

Notes:  Rolling the put spread for credit and capital appreciation.  We are collecting more cash and rolling down with the market.  This new trade action will remove the margin requirement. 

Trade Detail: Rolling the puts out in time and lower in strikes for a credit of around 0.35 – 0.42

BTC XBI 23 JUN 87.50 put
STO XBI 7 JUL 87 put

Position after trade detail:

+40 XBI 18 AUG 87 put
-40 XBI 7 JUL 87 put