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Income Masters Trade Alert: XBI

I am recommending we roll our SPDR S&P Biotech ETF (XBI) put out one week and to a higher strike to generate more income and reduce our net debit on the position.

Note that this trade is only for members already in the position.

Current Stock Price: $81.48

Net Debit: $14.36

Action:

  • Buy to close the XBI Jul Monthly (7/15) 75 Put for around $0.05
  • Sell to open the XBI Jul Week Four (7/22) 80 Put for around $1.98
  • Set initial credit limit at $1.93, but adjust as needed to roll today

New Net Debit: $12.43

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