XLE PREMIUM SELLING PLAY

In addition to the oil and gas sector, the energy sector has been and continues to be hammered.

Jan 22nd XLE 55/68.5 short strangle
POP%: 73%
Max Profit: $124/contract
BPE: $617
BE's: 53.76/69.74

הערה:

Looking to roll the short call strike down to the 64 short call here (same expiry) for a .45 credit, since it's approaching worthless and there are 34 DTE.

הערה:

Rolled the 68.5 short call down to the 64 for an additional .45 credit.

הערה:

Covering for an .85 debit, so I got 1.09 for the original setup (which I didn't post), an additional .45 for the roll down of the short call, for a total of 1.54; covering for .85 results in a .69 ($69)/contract profit.