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Showing posts with label XBI Aug 13 2021 $118 put. Show all posts
Showing posts with label XBI Aug 13 2021 $118 put. Show all posts

Sunday, June 19, 2022

Options trade : Biotech Sector ETF (XBI) bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


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