Skip to content
Options Income Masters
93% of My Members Collect An Extra Paycheck Every Week!
Options Income Masters
  • Main
  • OIB Training
  • Weekly Update
  • Trading
    • Menu icon-Income Masters-
    • Menu icon-Options Income Blueprint-
    • Menu icon-Income Madness Week-
  • Coaching
    • Menu iconSix Figure Portfolio Coaching Main Page
  • Training
    • Weekly Paycheck Training Program
    • Income Accelerator Coaching Main Page
    • Selling Weekly Options Workshop
    • Win 98% of Your Trades
  • About Us
  • Login
close
  • Home
  • Dashboard
  • Login

Income Masters Trade Alert: SMH, XBI

I am recommending we roll our VanEck Vectors Semiconductor ETF (SMH) and SPDR S&P Biotech ETF (XBI) calls out two weeks to generate cash and reduce our cost basis on the positions.

SMH Jan 2023 (1/20/23) 250/Mar Week Two (3/11) 270 Call Spread

Note: No action is needed on the SMH Jan 2023 (1/20/23) 250 Call at this time.

Current Stock Price: $247.69

Cost Basis: $63.60

Action:

  • Buy to close the SMH Mar Week Two (3/11) 270 Call for around $0.02
  • Sell to open the SMH Mar Week Four (3/25) 260 Call for around $3.97
  • Set initial credit limit at $3.95, but adjust as needed to roll today

Cost Basis: $59.65

XBI Mar Week Two (3/11) 90 Call

Current Stock Price: $86.44

Cost Basis: $103.37

Action:

  • Buy to close the XBI Mar Week Two (3/11) 90 Call for around $0.14
  • Sell to open the XBI Mar Week Four (3/25) 90 Call for around $1.73
  • Set initial credit limit at $1.59, but adjust as needed to roll today

Cost Basis: $101.78

Go to Top
×