Small Account Trader PRO Alert: Close and Open (NEW) – XBI
TRADE CLOSE and RESET (NEW)
S&P BIOTECH (XBI): 88.49
TRADE ACTION 1: Close the XBI 23 JUN Iron Condor for a debit of around 0.95 – 1.00
STC the XBI 23 JUN 75 put
BTC the XBI 23 JUN 80 put
BTC the XBI 23 JUN 90 call
STC the XBI 23 JUN 95 call
TRADE ACTION 2: Open a new laddered Iron Condor leg for a credit of around 1.25 – 1.30
STO the XBI 21 JUL 94 call
BTO the XBI 21 JUL 100 call
STO the XBI 21 JUL 81 put
BTO the XBI 21 JUL 76 put
Master Portfolio is trading 5 contracts