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Showing posts with label XBI July 1 2022 80/100 credit call spread. Show all posts
Showing posts with label XBI July 1 2022 80/100 credit call spread. Show all posts

Wednesday, June 15, 2022

Option trade : Biotech Sector ETF (XBI) bearish trade

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FREE OPTIONS-TRADING LESSONS HERE.


5/19/2022

buy +2 July 1, 2022 $100 calls at $0.15 (prob ITM 4%)

sell -2 July 1, 2022 $80 calls at $1.50 (prob ITM 18%)

  • net credit:  $1.35
  • XBI = $69.28
  • 43 DTE


6/14/2022

buy back the two short calls ($80 strike) at $0.14 to remove the risk

PROFIT: $242