Ticker: XBI
Price: $86.01
Date: 5/19/23 10:14 am
Underlying: S&P Biotech ETF
Master Portfolio Contracts: 20
Notes:
Some if not all of us were assigned the upper put strikes this morning or last night. The master portfolio was assigned 2000 shares. With XBI being up a little bit today we can scalp a few profits off this.
Trade Detail (if assigned):
Trade #1: sell back your shares to the market. At the time we are putting together this alert, the XBI is trading at 86.01.
Trade #2: Sell to close your long 90 put which has some profits for about $6 credit.
Trade #3: sell your 83 put calendar spread for about 2.54 credit.
BTC the 19 May 83 put
STC the 21 Jul 83 put
Trade Detail (if not assigned):
For those that were not assigned, you can close your 90 and 83 put spreads for credits.
Trade #1: Sell/Close the 19 May 83 put/21 July 83 put for a credit of around 2.54.
BTC the 19 May 83 put
STC the 21 Jul 83 put
Trade #2: sell/close the 19 May 90 put/21 July 90 put for a credit of around 1.95 credit
BTC the 19 May 90 put
STC the 21 Jul 90 put
Position after trade detail:
Out of the trade. We will reload a trade later in the day.