XBI first timer

#ShortStrangles – Thanks to @hcgdavis for reminding me of this one. More premium and lower margin than my IBB strangles…

Sold 5 XBI JUL 21 2017 68.0/78.0 Strangles @ 1.20

For comparison selling the same deltas in IBB in July would be:

IBB 285/315 @ 3.65

One IBB strangle vs five in XBI is same margin (2800) with XBI bringing in nearly 70 percent more premium…