Trade Alert 5/17/2024

We have reached the end of the old Trading Mentors program today with May (monthly) options expiration having arrived. Here is updates/adjustments to those trades before the close today. The two (2) positions we need to adjust/exit today are the covered call on NEM and the ratio spread on GOLD. The details for those adjustments are detailed below: We want to “roll-out” our covered calls in NEM as follows: Buy to close: NEM May 17th (monthly) 40.00 strike call Sell to open: NEM June 21st (monthly) 45.00 strike call Debit: 2.30 – order filled Buy to close: NEM May 17th (monthly) 42.50 strike call Sell to open: NEM June 21st (monthly) 45.00 strike call Credit: 0.10 – order filled Exited our GOLD 1×3 call spread and then sold covered calls against the rest of our stock. Sell to close: GOLD May 17th (monthly) 16.00 strike call (ratio of 1) Buy to close: GOLD May 17th (monthly) 17.00 strike call (ratio of 3) Debit: 0.44 – order filled Sold covered calls against the remainder of our stock that doesn’t have any. Sold to open: GOLD July 19th (monthly) 20.00 strike calls Credit: 0.23 – order filled The following covered calls are very likely to expire OTM for a profit: BRK-B May 17th (monthly) 440.00 calls DKNG May 17th (monthly) 50.00 calls MTCH May 17th (monthly) 42.50 calls OXY May 17th (monthly) 70.00 calls TMUS May 17th (monthly) 175.00 calls Z May 17th (monthly) 42.50 calls This will wrap up our old Trading Mentors program.