NaughtyPines

Rolling (Margin): XOP October 21st Short Straddle to November 18

Short
AMEX:XOP   SPDR S&P Oil & Gas Explor & Product
... for a 6.93 credit.

Comments: Rolling this out "as is," betting that this weakens ... eventually. Total credits collected of 17.94. Resulting delta/theta of -46.61/22.04 with break evens of 109.06 on the put side; 144.94 on the call side.
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