Time to manage our Energy ETF (XLE) with a trade re-set. Our position is profitable but our long options expire on 2/17. We will close the position today and re-set a new XLE core position tomorrow in our Live Trading Session (10:30 AM).

TRADE RE-SET

SPDR Energy ETF (XLE):  86.43

TRADE ACTION 1:  CLOSE the XLE 3 Feb 85 put and the 17 Feb 83 put for a net credit of 0.50 to 0.60

BTC the XLE 3 Feb 85 put

STC the XLE 17 Feb 83 put

TRADE ACTION 2: CLOSE the XLE 3 Feb 89 call and the 17 Feb 88 call for a net credit of 1.20 to 1.30

BTC the XLE 3 Feb 89 call

STC the XLE 17 Feb 88 call

The Master Portfolio is trading 5 contracts. We will re-set the new trade in the live trading session tomorrow.