Small Account Trader PRO Alert: New XBI Trade


NEW TRADE:  Hedged Synthetic Covered Call
 

SPDR S&P
Biotech ETF (XBI): 83.87

 
TRADE ACTION 1: OPEN the XBI 30 Dec 83/78 put for a net credit of around 1.73
BTO the XBI 30 Dec 78 put
STO the XBI 30 Dec 83 put

 

TRADE ACTION 2: OPEN the XBI 30 Dec 83 call / 25 Nov 83 call for a net debit of around 2.68
BTO the XBI 30 Dec 83 call
STO the XBI 25 Nov 83 call

The Master Portfolio is trading 5 contracts.