Hello Investors,
A few changes today. We placed an option collar on our GILD position for protection. We placed a GTC (good til canceled) order on a covered call in BRK/B shares. And we placed a “day order” to get into a 1×2 call spread in QQQ. The QQQ trade is very high risk due to the naked call option and risk if the stock were to climb above 330/share by Jan 15th expiration. At this point, only the GILD trade has executed.
Buy to open: GILD Feb 19th (monthly) 57.50 strike puts
Sell to open: GILD Feb 19th (monthly) 60.00 strike calls
Debit: 0.90 (this is a collar protection on our 100 shares of stock)
Sell to open: BRKB Feb 19th (monthly) 260.00 strike calls
Credit: 0.70 (GTC order)
Buy to open: QQQ Jan 15th (monthly) 325.00 strike calls (ratio of 1)
Sell to open: QQQ Jan 15th (monthly) 330.00 strike calls (ratio of 2)
Even money (zero debit/credit)
Happy New Year!