Trade Alert 1/7/2026

We have taken profits on a piece of our 1×2 put spread. We sold the higher strike put owned and bought back 1 of the lower strike puts originally sold. We were already “naked” one of the 110 puts and will leave it that way into expiration. We had been selling short puts to acquire DELL shares previously. We saw an opportunity to profit a little more than just selling a put and it worked out. The exit details are as follows: Sell to close:  DELL Jan 16th (monthly) 125.00 strike put (ratio of 1) Buy to close: DELL Jan 16th (monthly) 110.00 strike put (ratio of 1) Credit:  5.65 Profit of $3.35 or +$335.00 per spread if the additional 110 put expires worthless. If it doesn’t then we get to acquire the stock at a discounted price!