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Showing posts with label XBI July 15 2022 81/90 credit call spread. Show all posts
Showing posts with label XBI July 15 2022 81/90 credit call spread. Show all posts

Wednesday, June 15, 2022

Option trade : Biotech Sector ETF (XBI) bearish trade

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6/7/2022

buy +2 July 15, 2022 $90 calls at $0.25 (prob ITM 4.28%)

sell -2 July 15, 2022 $81 calls at $1.20 (prob ITM 18%)

  • net credit:  $0.95
  • XBI = $71.82
  • overbought
  • 38 DTE


6/14/2022

buy back the two short calls ($81 strike) at $0.18 to remove the risk

PROFIT:  $154