The stock market is still feeling the impact of the Fed rate hike and intention to remain hawkish into 2023. Stocks are down across the board. We will dig deeper into what this means tomorrow in our live trading session. In the meanwhile, we can manage two short call positions today.

First, let’s roll our Google short call position that expires tomorrow and then our XBI short call.

TRADE ROLL

Google (GOOGL):  90.59

TRADE ACTION: ROLL the GOOGL 16 Dec 99 call to the 6 Jan (23) 96 call for a net credit of around 0.95 to 1.00

BTC the GOOGL 16 Dec 99 call

STO the GOOGL 6 Jan (23) 96 call

The Master Portfolio is trading 5 contracts.

TRADE ROLL

SPDR S&P Biotech ETF (XBI):  80.95

TRADE ACTION: ROLL the XBI 16 Dec 83 call to the 23 Dec 83 call for a net credit of around 0.75 to 0.77

BTC the XBI 16 Dec 83 call

STO the XBI 23 Dec 83 call

The Master Portfolio is trading 5 contracts.

We will manage our SPDR Energy ETF (XLE) calendar position tomorrow in the live trading session at 10:30 AM Eastern.