I picked up 400 shares of XHB at $22.72 and sold 4 contracts for April $23 strikes for $0.70 to rake in $270 in my arbitrage account. This represents a 3% return in under 10 days with options expiry next week. I’d been eyeing XHB for some time now and I’m willing to take the risk for a week to rake in these profits 😉 .
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