Hello Investors,
Our recording crashed at the end of class. We apologize for not having a recording of our meeting for those unable to attend live.
We made a couple of adjustment/additions to OXY. In addition, we have a pending order to take profits in KHC if it can hit our price.
The details are as follows:
Sell to open: OXY Aug 15th (monthly) 42.50 strike put
Credit: 2.06
This is only for those willing to own another 100 shares as the put is “naked”
Buy to open: OXY Aug 15th (monthly) 45.00 strike call (ratio of 1)
Sell to open: OXY Aug 15th (monthly) 47.50 strike call (ratio of 2)
Buy to open: OXY Aug 15th (monthly) 50.00 strike call (ratio of 1)
Debit: 0.25
We bought 4 of these spreads for a total risk of $25 per spread x 4 = $100 risk
We have a pending order to take profits in KHC if it can hit our price.
Sell to close: KHC Aug 15th (monthly) 27.50 strike put (ratio of 1)
Buy to close: KHC Aug 15th (monthly) 25.00 strike put (ratio of 2)
Sell to close: KHC Aug 15th (monthly) 22.50 strike put (ratio of 1)
Credit: 0.95
This is a pending order and has not hit our price today.
Have a great week!