NEW TRADE:  Laddered Iron Condor

SPDR S&P Biotech ETF (XBI): 81.47

 TRADE ACTION:  OPEN the XBI 20 Jan (23) 74 /69 put and the 20 Jan (23) 87 /92 call iron condor for a net credit of around 1.40

BTO the XBI 20 Jan (23) 69 put
STO the XBI 20 Jan (23) 74 put
STO the XBI 20 Jan (23) 87 call
BTO the XBI 20 Jan (23) 92 call

The Master Portfolio is trading 5 contracts