Trade Alert 1/9/2026

We entered into a longer-term “targeted” put butterfly in CCJ. Usually we only go out a few months. This one is all the way out to June. That means that we are planting a seed and it will require a lot of patience. We have multiple positions on CCJ. We own stock. We have a short put that should expire for a max gain in February. This is simply a case of a stock getting a bit ahead of itself and forming a little sign of “exhaustion” in the chart. Buy to open:  CCJ June 18th (monthly) 95.00 strike put (ratio of 1) Sell to open:  CCJ June 18th (monthly) 80.00 strike put (ratio of 2) Buy to open:  CCJ June 18th (monthly) 65.00 strike put (ratio of 1) Debit: 2.10 Max risk = 2.10 or $210.00 per spread Max reward = 12.90 or $1,290.00 per spread