NaughtyPines

Rolling (Margin): XOP October 21st 160 Short Call to the 127

AMEX:XOP   SPDR S&P Oil & Gas Explor & Product
... for a 4.33 credit.

Comments: Rolling to short straddle at the 127. Total credits collected of 11.01 versus the setup currently marking at 16.13. Resulting delta/theta of 22.28/23.54 with a cost basis of 115.99 if assigned on the 125 put.
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