Ticker: XBI
Price: $82.02
Date: 7/7/23 11:35 pm
Underlying: S&P Biotech ETF

Master Portfolio Contracts: 40

Notes:  Some people were assigned shared of XBI.  The trade detail will be broken down depending on if you were assigned shares.  We are going to close this entire position and will send another alert to reset the trade.

IF ASSIGNED SHARES:

Trade Detail 1: Sell shares

Sell shares back at market prices around 82.07

Trade Detail 2: Sell the long-dated put for a credit of around 5.82

STC 18 AUG 87 put

IF NOT ASSIGNED SHARES:

Trade Detail: Close put calendar spread for a credit of around 0.80

STC 18 AUG 87 put
BTC 7 JUL 87 put

Position after trade detail:

None