Ticker: XOP
Price: $139.19
Date: 3/3/23 11:45 am
Underlying: SPDR Oil & Gas Exploration ETF

Est. Net Debit/Credit: $4510

Master Portfolio Contracts: 10

Notes: Closing out of the existing put spread and then rolling the call option.

Trade Detail:

TRADE ACTION 1:  Close the put spread
BTC 3-MAR 125 put
STC 21-APR 125 put
Price: 2.40 credit (2400)

TRADE ACTION 2:  Roll the short calls
BTC XOP 3-MAR 139 call
STO XOP 10-MAR 139 call
Price: 2.11 credit (2110)

Position After Trade Action:
+10 XOP 21-APR 139 call
-10 XOP 10-MAR 139 call