AMEX:XLE   ENERGY SELECT SECTOR SPDR FUND
In addition to the oil             and gas sector, the energy sector has been and continues to be hammered.

Jan 22nd XLE             55/68.5 short strangle
POP%: 73%
Max Profit: $124/contract
BPE: $617
BE's: 53.76/69.74
Comment: Looking to roll the short call strike down to the 64 short call here (same expiry) for a .45 credit, since it's approaching worthless and there are 34 DTE.
Comment: Rolled the 68.5 short call down to the 64 for an additional .45 credit.
Comment: Covering for an .85 debit, so I got 1.09 for the original setup (which I didn't post), an additional .45 for the roll down of the short call, for a total of 1.54; covering for .85 results in a .69 ($69)/contract profit.
No fill on this one ... . Wasn't going to chase price.
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Filled for 1.09 ... .
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Looking to roll the short call strike down to the 64 short call (same expiry) for a .45 credit, since it's currently approaching worthless and there are 34 DTE.
Reply
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