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Tuesday, June 14, 2022

Option trade : Biotech Sector ETF (XBI) bearish trade

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2/7/2022

sell -2 March 11, 2022 $104 calls at $1.13 (prob ITM 17%)

  • reuse the two long puts ($128 strike) from my previous trade
  • XBI = $93.70 (+2.91)


3/11/2022 <--- Expiration

XBI = $84.64

all calls expired

PROFIT:  $226