Trade Alert 10/17/2024 #2

This is our 2nd newsletter today. We have added another a long-term put butterfly in SPY. Because the overall stock market returns have been solid in 2024, it will often remain stable to finish out the year. However, when the calendar flips then the market could see a significant decline. So, by positioning this butterfly out in March. We are actually in great shape if the markets waste a lot of time going sideways and then closer to March get a decline in price. The details are as follows: Buy to open:  SPY March 21st (monthly) 560.00 strike put (ratio of 1) Sell to open:  SPY March 21st (monthly) 540.00 strike put (ratio of 2) Buy to open:  SPY March 21st (monthly) 520.00 strike put (ratio of 1) Debit: 1.00 – this order has filled Max risk = 1.00 or $100.00 per spread Max reward = 19.00 or $1,900.00 per spread