I am trying to customize the Xcode 12.2 keyboard shortcuts for "Show Previous Tab" and "Show Next Tab". These are the new document tabs that were introduced in Xcode 12, as opposed to the old window tabs. (The document tab bar is below the window tab bar.)
When I go to Preferences > Key Bindings, and try to record shortcuts for "Show Previous Tab" and "Show Next Tab", the settings panel records ⌘⌥← as ⌘← and ⌘⌥→ as ⌘→. Basically, the option key disappears.
This is a problem only for those two shortcuts. If I try to customize "Show Previous Window Tab" and "Show Next Window Tab", I can record ⌘⌥← / ⌘⌥→ just fine.
Previously, I used System Preferences > Keyboard > Shortcuts > App Shortcuts to customize "Show Previous Tab" / "Show Next Tab" for "All Applications". I removed this, and it still didn't fix this issue in Xcode.