Small Account Trader PRO Alert: XBI – Trade Adjustment Laddered Iron Condor
ADJUST LADDERED IRON CONDOR
S&P Biotech ETF (XBI): 72.73
Converting to iron butterfly.
Trade 1: Buy/BTC the 6 Apr 88/93 call credit spread for a debit of around 0.01 – 0.05
BTC the 6 Apr 88 call
STC the 6 Apr 93 call
Trade 2: Sell/STO the 6 Apr 75/80 call credit spread for a credit of around 0.99 – 1.06
STO the 6 APR 75 call
BTO the 6 Apr 80 call
Master Portfolio is trading 5 contracts