Let’s roll our SPDR S&P Biotech ETF (XBI) put out two weeks and to a lower strike to avoid possible assignment and generate more income. Current Stock Price: $82.01 Cash in Hand: $0.83 Action: Buy to close the XBI 4 Aug 83.50 Put Sell to open the XBI 18 Aug 83 Put Set initial credit…

SPDR S&P Biotech ETF (XBI) is rallying this morning, dropping the premium on the put we sold below our target exit price. Let’s book profits now, earning a 0.8% return in six days, or 46% annualized. Current Stock Price: $86.65 Cash in Hand: $0.73 Action: Buy to close the XBI 28 Jul 80 Put for…

SPDR S&P Biotech ETF (XBI) is on a tear this morning. Let’s book profits on our put, earning a 0.5% return in four days, or 49% annualized. Current Stock Price: $83.39 Cash in Hand: $0.67 Action: Buy to close the XBI 21 Jul 78.50 Put for around $0.25, but adjust as needed to close today…

Let’s book profits on our SPDR S&P Biotech ETF (XBI) put, earning a 0.4% return in four days, or 39% annualized. Current Stock Price: $88.27 Cash in Hand: $0.97  Action: Buy to close the XBI Jun Monthly (6/16) 86 Put for around $0.60, but adjust as needed to close today Profit: $0.37, or $37 per…