Alert: add adjustment XBI

Ticker: XBI
Price: $87.93
Date: 5/15/23 1:01 pm
Underlying: S&P Biotech ETF

Master Portfolio Contracts: 20

Notes: Since XBI has been moving up, we’re going to add a new calendar spread as an adjustment to our position. 

Trade Detail: 

TRADE ACTION :
BTO +20 XBI 21 JUL 90 put
STO -20 XBI 19 MAY 90 put

Price: 2.85 – 3.00 debit (start at the mid price or lower and work the order higher until filled)

Position after trade detail:

+20 XBI 21 JUL 83 put
-20 XBI 19 MAY 83 put

+20 XBI 21 JUL 90 put
-20 XBI 19 MAY 90 put