Trade Alert 9/6/2023

We tend to keep our risk small in this Trading Mentors program around at $500 or less. While that can change or be larger on occasion if we are making a bigger hedge or if we have a huge gap against us. We entered into a long put in ALB yesterday which cost $920.00 for the contract. However, we were always planning to keep that risk/reward much more in our comfort zone. So, barring a huge gap, we planned to take off the trade for better or worse for a couple hundred bucks. This one worked in our favor and we will take profits today. Sell to close:  ALB Oct 20th (monthly) 200.00 strike put Credit:  12.30 – this order has filled We bought this put for 9.20 and sold it at 12.30, the result is a profit of +$310.00 total. We also have a pending order to roll-up our VZ short calls that we sold against our LEAPS as follows: Buy to close: VZ Oct 20th (monthly) 35.00 strike call Sell to open: VZ Oct 20th (monthly) 36.00 strike call Debit: 0.21 – this order has filled