We’ve adjusted a position in the Paid-to-Play portfolio today:
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We rolled our XLI November 99/108 Strangle into a December15 (monthly) 94/107 Strangle for a 8 cent net credit.
Essentially we did two trades: closed the November strangle and established a new December strangle at the 94/107 strikes.
Our GTC order to close this new Dember Strangle at a profit is .65 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.