ADJUSTMENT: Laddered Iron Condor
SPDR S&P Biotech ETF (XBI):  90.69

 
TRADE ADJUSTMENT: SPDR S&P Biotech ETF (XBI): 90.69

TRADE ACTION 1: ROLL the XBI 10 Feb 80 put to the 10 Feb 85 put for a net debit of around 0.15
STC the XBI 10 Feb 80 put
BTO the XBI 10 Feb 85 put

TRADE ACTION 2: ROLL the XBI 10 Feb 85 put to the 10 Feb 90 put for a net credit of around 0.84
BTC the XBI 10 Feb 85 put
STO the XBI 10 Feb 90 put

The Master Portfolio is trading 5 contracts.

New XBI 10 FEB Position after Adjustment Today:

+5 XBI 10 Feb 85 put
-5 XBI 10 Feb 90 put
-5 XBI 10 Feb 90 call
+5 XBI 10 Feb 95 call