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5/12/2022
buy +2 June 24, 2022 $95 calls at $0.34 (prob ITM 2.24%)
sell -2 June 24, 2022 $79.50 calls at $1.10 (prob ITM 13%)
- net credit: $0.80
- XBI = $64.86 (+2.05)
- oversold
- 43 DTE
6/14/2022
buy back the two short calls ($79.50 strike) at $0.03 to remove the risk
let the long calls expire
PROFIT: $154
