CLOSING : BOT +2 XLU 100 20 AUG 21 64 CALL @5.70

Published Date : 08/20/2021
CLOSING : BOT +2 XLU 100 20 AUG 21 64 CALL @5.70

XLU has been on tear and has gone against our assumption.

We have been able to roll out $67 centered IB, but we cannot rollout $64 centered IB for credit.

So, taking loss on the $64 centered IB. The risk is in the short call, so closing the short call

Profit : -$638