Option trade : Biotech Sector ETF (XBI) bullish trade

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Monday, 9/20/2021

sell -1 October 22, 2021  $115 put at $1.23

• oversold
• 32 DTE
• prob ITM = 18%
• XBI = $128.42

Friday, 10/22/2021 (expiration)

XBI = $124.18

Let short put expire

NET PROFIT:  $122.34 (32 days)

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