Alert: Trade Roll – XOP

Ticker: XOP
Price: $126.86
Date: 6/15/23 1:00 pm EST
Underlying: SPDR Oil & Gas Exploration ETF

Master Portfolio Contracts: 10

Notes: Our options are going to expire tomorrow, so we’re taking this opportunity to roll our calls out and up.  We’re picking up $1 in capital appreciation as well as a credit for the trade roll.

Trade Detail:

Trade Action: Roll the calls out a week for a credit of 0.10 – 0.20 (or more if available)
BTC 16 JUN 122 call
STO 30 JUN 123 call

Position After Trade Action:
+10 XOP 21 JUL 122 call
-10 XOP 30 JUN 123 call