Bought 5 shares of BRK/B at 476.90/share.
Bought 10 shares of PANW at 183.00/share.
Bought 3 shares of LLY at 770.10/share.
Trade Alert 7/28/2025 #2
Our recording of the meeting today was corrupted and we won’t have a video. Please note, we sent out a newsletter earlier today with an adjustment in PYPL and exit in CRWD. While in class we made a couple of other adjustments. The details are shown below.
Exited only 1 of our 4 contracts of OXY call butterfly spreads
Sell to close: OXY Aug 15th (monthly) 45.00 strike call (ratio of 1)
Buy to close: OXY Aug 15th (monthly) 47.50 strike call (ratio of 2)
Sell to close: OXY Aug 15th (monthly) 50.00 strike call (ratio of 1)
Credit: 0.57
Bought a put spread in EQT.
Buy to open: EQT Aug 15th (monthly) 51.00 strike put
Sell to open: EQT Aug 15th (monthly) 48.00 strike put
Debit: 0.94
Max risk = 0.94 or $94.00 per spread
Max reward = 2.06 or $206.00 per spread
There were four (4) total trades/adjustments sent out today. CRWD, PYPL, OXY & EQT.
Trade Alert 7/28/2025
Buy to close: PYPL Aug 15th (monthly) 70.00 strike call
Sell to open: PYPL Aug 15th (monthly) 75.00 strike call
Debit: 3.85
This roll up moves up our exit price to 75 if the shares get “called away”We also exited our CRWD call butterfly. The stock did not maintain the 50-day ma as expected.
Sell to close: CRWD Sep 19th (monthly) 510.00 strike call (ratio of 1)
Buy to close: CRWD Sep 19th (monthly) 550.00 strike call (ratio of 2)
Sell to close: CRWD Sep 19th (monthly) 590.00 strike call (ratio of 1)
Credit: 4.80
The result is a loss of -0.55 or -$55.00 per spread
Trade Alert 7/25/2025
We had bought a portfolio insurance position months ago in SPY. Those puts will expire OTM in a couple of weeks at August 15th expiration most likely. However, we can use it as a lower strike protective position toward a put butterfly. This gives us a little protection through August monthly options expiration accordingly. So, essentially we can use it for a little more insurance for a couple of weeks. Adding the trade below combined with the 578 strike puts gives us a put butterfly.
Buy to open: SPY August 15th (monthly) 623.00 strike put (ratio of 1)
Sell to open: SPY August 15th (monthly) 600.00 strike put (ratio of 2)
Debit: 1.25
This works in combination with our long 578.00 strike put (ratio of 1) already owned
Max risk of the addition = 1.25 or $125.00
Max reward of the addition = 21.75 or $2,175.00
Trade Alert 7/21/2025
Hello Investors,
We have passed July monthly options expiration. We have a busy August approaching but July didn’t have much. We had sold puts on CCJ to potentially acquire shares, those expired for a max profit of credit received. We have added a new trade in CRWD this morning. This stock has an earnings date of early September. We may end up holding through earnings but also may be out of the trade before it arrives. The details are as follows:
Buy to open: CRWD Sep 19th (monthly) 510.00 strike call (ratio of 1)
Sell to open: CRWD Sep 19th (monthly) 550.00 strike call (ratio of 2)
Buy to open: CRWD Sep 19th (monthly) 590.00 strike call (ratio of 1)
Debit: 5.35
Max risk = 5.35 or $535.00 per spread
Max reward = 34.65 or $3,465.00 per spread
Have a great week!
Trade Alert 7/7/2025
Hello Investors,
A few changes were made to the portfolio today. We added a new position in Berkshire Hathaway. It is a 1×2 put spread but because 1 of the short puts is “naked” it would require us to buy 100 shares of stock if the stock were to fall sharply lower. It is very unlikely to fall that far but is a possibility that we would be all right with overall. If you are not willing to own 100 shares of BRKB shares, consider a butterfly instead. We also rolled a couple of our positions to lock-in profits and move to more favorable strikes. The details are shown below.
New 1×2 put spread in BRK.B:
Buy to open: BRKB Oct 17th (monthly) 450.00 strike put (ratio of 1)
Sell to open: BRKB Oct 17th (monthly) 420.00 strike put (ratio of 2)
Debit: 0.58
Likely risk = 0.58 or $58.00 per spread
Max reward = 29.42 or $2,942.00 per spread
Max risk = owning 100 shares at a cost basis of 390.58/share
Rolled down our short put in OXY:
Buy to close: OXY Aug 15th (monthly) 42.50 strike put
Sell to open: OXY Aug 15th (monthly) 40.00 strike put
Debit: 0.65
Rolled up our covered call in EQT:
Buy to close: EQT Aug 15th (monthly) 55.00 strike call
Sell to open: EQT Aug 15th (monthly) 60.00 strike call
Debit: 1.80
We will not be holding a live class next Monday but will continue to provide updates.
Our latest journal has been updated online.
Trade Alert 7/2/2025
We are entering into a longer dated VIX call butterfly. While this doesn’t have much risk. It’s implied probability of success is also very low. We like the potential for some sort of volatility event and being able to take profits on this trade during that time if it happens.
Buy to open: VIX Nov 19th (monthly) 25.00 strike call (ratio of 1)
Sell to open: VIX Nov 19th (monthly) 40.00 strike call (ratio of 2)
Buy to open: VIX Nov 19th (monthly) 55.00 strike call (ratio of 1)
Debit: 0.92
Max risk = 0.92 or $92.00 per spread
Max reward = 14.08 or $1,408.00 per spread
Trade Alert 6/30/2025
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!
Trade Alert 6/27/2025
We have taken profits on the CCJ call butterfly today. This leaves us with the put sides and better positioned on a pullback in the stock. Sell to close: CCJ Aug 15th (monthly) 70.00 strike call (ratio of 1)
Buy to close: CCJ Aug 15th (monthly) 85.00 strike call (ratio of 2)
Sell to close: CCJ Aug 15th (monthly) 100.00 strike call (ratio of 1)
Credit: 4.55
We paid 3.15 debit, the result is a profit of +1.40 or +$140.00 per spreadWe exited our NEM call butterfly. It has gone from a small profit back toward breakeven and less attractive today.
Sell to close: NEM Aug 15th (monthly) 60.00 strike call (ratio of 1)
Buy to close: CCJ Aug 15th (monthly) 65.00 strike call (ratio of 2)
Sell to close: CCJ Aug 15th (monthly) 70.00 strike call (ratio of 1)
Credit: 0.68
We paid 0.70 debit, the result is loss of -$2.00 per spread (basically breakeven)
Trade Alert 6/25/2025
Buy to open: SPY July 3rd (weekly) 600.00 strike put (ratio of 1)
Sell to open: SPY July 3rd (weekly) 587.00 strike put (ratio of 2)
Debit: 0.75
Likely Risk = 0.75 or $75.00 per spread
Max reward = 12.25 or $1,225.00 per spread
Max risk = the stock could overshoot on the downside and our long August put will hedge that somewhat with its gains