Alert: XBI – close position

Ticker: XBI
Price: $83.07
Date: 3/1/23 11:00 am
Underlying: S&P Biotech ETF

Est. Net Debit/Credit: (variable depending on if assigned)

Master Portfolio Contracts: 20

Notes: We received word that some people were assigned the 88 puts.  Closing instructions will depend on if you were assigned shares.

Trade Detail:

If not assigned:

Trade Action 1: 
BTC 3-MAR 88 put
STC 21-APR 88 put
Price: 1.35 – 1.55 credit

Trade Action 2:
STC 21-APR 83 put
BTC  3-MAR 83 put
Price: 2.77 – 2.82 credit

If you were assigned shares:

Trade Action 1: 
Sell shares for around 83.00


Trade Action 2:
STC 21-APR 88 put
Price: 5.95 – 6.25 credit

Trade Action 3:
STC 21-APR 83 put
BTC  3-MAR 83 put
Price: 2.77 credit – 2.82