Let’s continue to add cash income to our XLE diagonal spread. We’re going to roll our short call out one week and down a strike.
SPDR Energy ETF (XLE): 84.25
ACTION: ROLL the XLE 24 Feb 86.50 call to the XLE 3 Mar 85.50 call for a net credit of around 0.80 to 0.84
BTC the XLE 24 Feb 86.50 call
STO the XLE 3 Mar 85.50 call
Master Portfolio: 5 contracts
Note: This adjustment will require another $100 in options buying power per contract.