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Benji
Jul 26, 2018 7:28 PM

XHB - Homebuilders Long

SPDR Series Trust SPDR Homebuilders ETFArca

Description

Getting long homebuilders here at support.

-1 Sep21 $39 put for $.84 cr.

Risk: 2x cr received or I'll continue holding and rolling.
Profit: 50% cr received or continue to roll.
Notional Value: 3900/contract

Trade closed manually

The IV in here has dropped, but the options have hardly moved with it because there was a ton of time left.

I'm closing this trade for a $.66 db because I don't see the risk for another 46 dte worth the holding. I may look to try a call spread on this.
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