In today’s portfolio analysis, we offer up a detailed analysis of the XLU adjustment we made earlier. The position was a Short Straddle that was slightly underwater, and all we did was simplyto the next expiration cycle. This adjustment alone improved our basis on the trade and widened out our break-even points. However, we could have on the trade, too, by possibly moving our call down from the 51 strike to the 48 strike. In today’s segment, we walk through what that adjustment might have looked like.