Ticker: XBI
Price: $81.83
Date: 4/21/23 12:15 pm
Underlying: S&P Biotech ETF

Master Portfolio Contracts: 20

Notes: We are rolling our puts and adding a new calendar

Trade Detail: 

TRADE ACTION 1 (trade roll):
BTC +20 XBI 21 APR 77 put
STO -20 XBI 5 MAY 79 put
Price: 0.70- 0.80 credit

TRADE ACTION 2 (new calendar):
BTO +20 XBI 16 JUN 83 put
STO -20 XBI 5 MAY 83 put
Price: 1.65 – 1.75 debit

Position after trade detail:

+20x XBI 16-JUN 77 put
-20x XBI 5-MAY 79 put
+20 XBI 16-JUN 83 put
-20 XBI 5-MAY 83 put