Alert: XOP adjustment

Ticker: XOP
Price: $138.04
Date: 2/2/23 11:00am
Underlying: SPDR Oil & Gas Exploration ETF

Est. Net Debit: $1,300

Master Portfolio Contracts: 10

Notes: We’re rolling our short call and adding a new calendar to our position

Trade Detail:

TRADE ACTION 1:
BTC   +10x      3-FEB 144 call
STO   -10x      17-FEB 144 call
credit of around 1.40 – 1.49

TRADE ACTION 2:
BTO   +10x    17-MAR 135 put
STO   -10x     17-FEB 135 put
debit of around 2.60 – 2.70