Oil prices are on the rise again which is good for our SPDR Energy ETF (XLE) position. Let’s roll our short calls up and out.

TRADE ROLL

SPDR Energy ETF (XLE):  81.65

TRADE ACTION:  ROLL the XLE 7 Oct 77 call to 21 Oct 78 call for a net credit of around 0.30 to 0.35

BTC the XLE 7 Oct 77 call

STO the XLE 21 Oct 78 call

TRADE ACTION:  ROLL the XLE 7 Oct 80 call to 21 Oct 82 call for a net credit of around 0.45 to 0.52

BTC the XLE 7 Oct 80 call

STO the XLE 21 Oct 82 call

The 50K Portfolio is trading 5 contracts.