TRADE CLOSE and RESET (NEW)

S&P BIOTECH (XBI): 88.28

TRADE ACTION 1: Close the XBI 16 JUN Iron Condor for a debit of around 2.30 – 2.35
STC the XBI 16 JUN 81 put
BTC the XBI 16 JUN 86 put
BTC the XBI 16 JUN 86 call
STC the XBI 16 JUN 91 call

Master Portfolio is trading 5 contracts

TRADE ACTION 2: Open a new laddered Iron Condor rung for a credit of around 1.85 – 1.90
STO the XBI 28 JUL 94 call
BTO the XBI 28 JUL 99 call
STO the XBI 28 JUL 85 put
BTO the XBI 28 JUL 80 put

Master Portfolio is trading 5 contracts