#LongCalls #LEAPS – Another one similar to XLY. Caught a great move and weeklies got run over so trade hasn’t really made anything. Rolling the short calls out a few weeks but not up much. Using the credit to remove one short call. This gives a 10×9 ratio reducing the upside risk. I’ll be watching it closely…in case of a pullback I might be able to get out at even and then reset to 2020 (or add to LABU instead)

Bought to Close 10 XBI JUL 13 2018 94.0 Calls
Sold 9 XBI AUG 10 2018 94.5 Calls

Did the roll for a total debit of .60. Since it was unbalanced that debit is not per contract. It’s 60 dollars total for the trade. A small price to pay to remove a lot of risk…