Ticker: SMH
Price: $122.89
Date: 5/11/23 12:50 pm EST
Underlying: Vaneck Semiconductor ETF

Est. Net Credit/Debit: $2660 credit

Master Portfolio Contracts: 7

Notes:  SMH had a 2:1 split so your 7 contracts became 14 and the strikes also changed.  We are rolling our puts for additional credit.

Trade Detail:

TRADE ACTION 1: roll the calls for around 0.70 – 0.80 in credit

BTC the 12 May 117.5 put
STO the 26 May 117.5 put

TRADE ACTION 2: roll the 125 puts for around 1.20 – 1.30 in credit

BTC the 12 May 125 put
STO the 26 May 125 put

POSITION AFTER TRADE DETAIL:

-14 SMH 26 MAY 117.5 put
+14 SMH 16 JUN 117.5 put

-14 SMH 26 MAY 125 put
+14 SMH 16 JUN 125 put

The strike prices are different due to the split.