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Thu. 1/13/2022
buy +2 Feb 18, 2022 $128 calls at $0.09 (prob ITM 2%)
sell -2 Feb 18, 2022 $111 calls at $1.19 (prob ITM 16.46%)
- net credit: $1.10
- XBI = $99
- 36 DTE
- oversold
NOTE:
I don't normally place semi-bearish trades when the underlying security is "oversold." However, in this case, XBI seemed to be trending down.
Mon. 2/7/2022
buy back both short calls ($111 strike) at $0.05 to remove the risk
let the long calls ($128 strike) expire
NET PROFIT: $207.34 (25 days)
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