Trade Alert 12/19/2024

A few trades/adjustments made today. We own 100 shares of EQT stock. We have purchased a call spread to go along with our current covered call. Buy to open: EQT Jan 17th (monthly) 45.00 strike call Sell to open:  EQT Jan 17th (monthly) 50.00 strike call Debit: 0.86 Max risk = 0.86 or $86.00 per spread Max reward = 4.14 or $414.00 per spread We are entering into a few longer dated bearish positions in the broad markets SPY and QQQ as shown below. Buy to open: SPY April 17th (monthly) 580.00 strike put (ratio of 1) Sell to open: SPY April 17th (monthly) 540.00 strike put (ratio of 2) Buy to open: SPY April 17th (monthly) 500.00 strike put (ratio of 1) Debit: 4.08 Max risk = 4.08 or $408.00 per spread Max reward = 35.92 or $3,592.00 per spread Buy to open: QQQ March 21st (monthly) 510.00 strike put (ratio of 1) Sell to open: QQQ March 21st (monthly) 475.00 strike put (ratio of 2) Buy to open: QQQ March 21st (monthly) 440.00 strike put (ratio of 1) Debit: 4.30 Max risk = 4.30 or $430.00 per spread Max reward = 30.70 or $3,070.00 per spread