Trade Alert 10/20/2023

Updates as we have arrived at October (monthly) options expiration today. JPM 1×2 put spread. This is probably the only trade moving into expiration that will need adjustment/exit today. We have already made the daily ATR move today in the stock. So we could set the lows and then bounce back a little bit later today. Probably won’t land perfectly at 145/share but that was never the expectation. Here is our gameplan: We are waiting until very late in the trading session (maybe 15 minutes before the close) Then we will place an order as follows: Buy to close: JPM Oct 20th (monthly) 145.00 strike put (ratio of 1) Debit: whatever the going price is at that time This will close the trade and assuming we haven’t plunged down to 140/share we will have some profit. If the stock were to stage a big recovery back up toward 145/share (unlikely), then we would manage this trade differently and send out another update. Assuming it is well below 145/share, we will follow the game plan above. The following trades will expire (most of them profitably): SNOW 180.00 strike covered call DELL 70.00 strike covered call NEM 52.50 strike covered call NEM 45.00 strike covered call VMEO 7.50 strike covered call GOLD 18.00 strike covered call DKNG 35.00 strike covered call CVS 75.00 strike covered call Z 55.00 strike covered call Z 52.00 strike covered call OXY 72.50 strike covered call OXY 67.00 strike covered call TGT 115.00 strike covered call DIS 87.00 strike covered call BRKB 375.00 strike covered call GM 1×2 call spread EFA 1×4 call spread VZ short call and short put We are making no adjustment with the following short puts and will receive shares: DELL Oct 67.50 strike put Z Oct 45.00 strike put MTCH Oct 40.00 strike put