Trade Alert 10/2/2023

 

We own put butterfly spreads in Berkshire (BRKB). We have taken profits in them today. We will discuss them live in class. Sell to close: BRKB Oct 20th (monthly) 345.00 strike put (ratio of 1) Buy to close: BRKB Oct 20th (monthly) 335.00 strike put (ratio of 2) Sell to close: BRKB Oct 20th (monthly) 325.00 strike put (ratio of 1) Credit: 1.35 Because we own 2 spreads, this locks-in a total profit of +$90.00 overall as we exited them both.