Trade Alert 10/19/2023

We own a 1×2 put spread in JPM. We are going to hedge it a little bit into tomorrow’s monthly options expiration. We are starting with 25 shares short. While this hedge would work against us on a stock rally. It would help us on a stock decline. We feel that there is a bigger risk to too much downside into tomorrow. Sold short: JPM 25 shares at 145.78 Buy to cover stop-loss above at 148.66 gtc (good til canceled)