Alert: Trade Roll – XOP

Ticker: XOP
Price: $126.15
Date: 6/16/23 1:30 pm EST
Underlying: SPDR Oil & Gas Exploration ETF

Master Portfolio Contracts: 10

Notes: To avoid risk of assignment from the dividend, we’re going to roll our position. The dividend was the same as the time value remaining so we’re rolling the trade out a week to prevent assignment.  

Trade Detail:

Trade Action: Roll the calls out a week for a credit of 0.45 – 0.60
BTC 30 JUN 123 call
STO 7 JUL 123 call

Position After Trade Action:
+10 XOP 21 JUL 122 call
-10 XOP 7 JUL 123 call