Trade Alert 11/16/2023

We closed and took profits on our WBA 1×2 put spread this morning as follows: Sell to close:  WBA Nov 17th (monthly) 22.50 strike put (ratio of 1) Buy to close: WBA Nov 17th (monthly) 20.00 strike put (ratio of 2) Credit: 1.43 – this order has been filled The result is a profit of +1.08 or +$108.00 per spread We are taking profits in our 1×2 style call spread in BRKB. We had made two adjustments to this trade previously. One was we rolled one of the short calls up from 355 to 365 strike. The other was we rolled one of the short calls in from December to November. The trade worked out well and we are locking in the profit as follows: Sell to close:  BRKB Dec 15th (monthly) 345.00 strike call (ratio of 1) Buy to close: BRKB Nov 17th (monthly) 355.00 strike call (ratio of 1) Buy to close: BRKB Dec 15th (monthly) 365.00 strike call (ratio of 1) Credit:  9.85 – this order has been filled The result is a profit of +290 or +$290.00 per spread We have a pending order to take profits on our XLE put butterfly if we can get filled. The stock will need to fall a bit lower today. Sell to close:  XLE Dec 15th (monthly) 87.00 strike put (ratio of 1) Buy to close:  XLE Dec 15th (monthly) 82.00 strike put (ratio of 2) Sell to close:  XLE Dec 15th (monthly) 77.00 strike put (ratio of 1) Credit: 1.95 – pending order and has not been filled