We’ve adjusted a position in the Paid-to-Play portfolio today:
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We rolled our XLB August 77/86 Strangle to an XLB September15 (monthly) 82/89 Strangle for a .12 cents net credit.
Essentially we did two trades: closed the August strangle and established a new September strangle at the 82/89 strikes.
Our GTC order to close this new September Strangle at a profit is .50 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.