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Showing posts with label XBI Feb 18 2022 111/128 credit call spread 2. Show all posts
Showing posts with label XBI Feb 18 2022 111/128 credit call spread 2. Show all posts

Tuesday, June 14, 2022

Option trade : Biotech Sector ETF (XBI) bearish trade

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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%)

  • net credit:  $1.10
  • XBI = $99
  • 36 DTE
  • oversold


2/7/2022

buy back the two short calls ($111 strike) at $0.05 to remove the risk

let the long calls expire

PROFIT:  $210