Our previously adjusted XBI 28 Apr laddered iron condor rung has just swung to a small profit. We opened this position with a 1.36 credit on 3/31. XBI traded higher in April and we rolled up our puts on 4/17 to a butterfly for another 0.80 of credit and sit with $2.16 of cash. We can close the position today for a net debit of around $2.05 and a small $0.11 profit per contract.
SPDR S&P Biotech ETF (XBI): 80.36
TRADE CLOSE: CLOSE the XBI 28 Apr laddered iron condor for a net debit of around 2.05 to 2.06
STC the XBI 28 Apr 75 put
BTC the XBI 28 Apr 80 put
BTC the XBI 28 Apr 80 call
STC the XBI 28 Apr 85 call
Master Portfolio: 5 contracts