Trade Alert 10/17/2024

October monthly options expiration has arrived. A few updates and 1 adjustment below.

We will need to monitor our CCJ covered call through tomorrow. We rolled it up to a higher strike making it more likely to expire OTM. The details are as follows:

Buy to close:  CCJ Oct 18th (monthly) 55.00 strike call
Sell to open: CCJ Oct 18th (monthly) 58.00 strike call
Debit: 1.50

We will also need to monitor our covered call in SNAP. Although the 11.00 strike covered call is likely to expire OTM for a max gain. Our put butterfly trade in MSTR will expire OTM for a loss of the 2.10 debit paid.