Options trade : Biotech Sector ETF (XBI) bullish trade

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7/8/2021

sell -1 August 13, 2021 $118 put at $1.17

• prob ITM = 18%
• XBI = $131.67
• oversold 
• 36 DTE

8/13/2021 (expiration)

buy back put option at $0.01 to remove the risk

NET PROFIT:  $115.33