We’ve adjusted a position in the Paid-to-Play portfolio today:
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We rolled our XLB October 80/85 Strangle to an XLB November17 77/85 Strangle for a 27 cents net credit.
Essentially we did two trades: closed the October strangle and established a new November strangle at the 77/85 strikes.
Our GTC order to close this new November Strangle at a profit is 76 cents.
Here is today’s short video where I review our portfolio and place these adjusting trades:
If you have any questions on this trade, please send them here.
You can view all trades and cash flow for this P2P account on our cash flow tracker found here.