AMEX:XLI   SELECT SECTOR SPDR TRUST AMEX INDUSTRIAL SELECT
XLI is popping up here for high IV, going to take advantage of it.

-1 Oct19 76/78 Strangle for $2.49 cr

Risk: 2x cr received
Profit: 50% of max profit

Breakevens: $73.51 and $80.49


Trade active: Rolled the $76 put to $79 put today for add'l $.69 cr. This makes me inverted, so the most I can make is $318 - 100 = $218.
Trade closed manually: And....I just got notification that XLI is going ex-dividend tomorrow. I have the ITM short $78 call. I could roll it out to next month for a credit to avoid the dividend, but this position has moved against me a bit, so I'm going to close it for a small scratch after commissions - $3.14 db.
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