The next new position in our Paid-to-Play portfolio is:
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XLP (Consumer Staples) Short November17 (monthly) 70/75 Strangle for an 82-cents net credit. This means we’re naked short equal amounts of both the 70 puts and the 75 calls.
We’re leaving a resting GTC order to close this spread down for a 41-cent debit if no adjustments are made to the position.
Here is a video covering a quick portfolio review and my entry into this new position:
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.