Trade Alert 1/31/2024

The FOMC meeting will be out today at 2:00 pm ET. Will the Fed suggest that rate cuts are coming soon? Expect some volatility as always around this event. Two adjustments on our BKR position. First, taking profits on the put spread. Second, rolling down and in on the covered call. Sell to close:  BKR March 15th (monthly) 31.00 strike put Buy to close: BKR March 15th (monthly) 29.00 strike put Credit: 1.40 Buy to close:  BKR April 19th (monthly) 36.00 strike call Sell to open: BKR Feb 16th (monthly) 30.00 strike call Credit: 0.20 We own a 95/105 1×2 call spread in Disney against our 200 shares of stock. We are taking profits on the lower strike long call. Leaving the short calls against the stock. Sell to close: Feb 16th (monthly) 95.00 strike call Credit: 4.60