I think I’ve become more obsessed with soap than Procter & Gamble. My XOP call spread is doing all right.
I must say, in my slowly-growing options education, I’m learning that just because something is bullish doesn’t mean it’s constructed properly. I built a 21/24 spread, but it didn’t occur to me that XOP is probably not going to get anywhere near 24 by expiration.
My other spread, the 20/23, is probably more reasonable, albeit less profitable.
