Trade Alert 9/5/2023

Bought a long call in the Volatility Index (VIX) as follows: Buy to open: VIX Oct 18th (monthly) 15.00 strike call Debit: 2.20 – this order has filled Max risk = 2.20 or $220.00 per contract Max reward = Unlimited Entered a put butterfly spread in SPY as follows: Buy to open: SPY Dec 15th (monthly) 450.00 strike put (ratio of 1) Sell to open: SPY Dec 15th (monthly) 425.00 strike put (ratio of 2) Buy to open: SPY Dec 15th (monthly) 400.00 strike put (ratio of 1) Debit: 3.50 – this order has filled Max risk = 3.50 or $350.00 per spread Max reward = 21.50 or $2,150.00 per spread Entering a long put in Albemarle (ALB) as follows: Buy to open: ALB Oct 20th (monthly) 200.00 strike put Debit: 9.20 – this is still a pending order Max risk = 9.20 or $920.00 per contract Max reward = Unlimited