Trade Alert 11/17/2023

We are making a lot of changes as we have arrived at option expiration Friday today. As per yesterdays update, most of our covered calls will expire OTM for a full profit. Rolling out our DELL covered call as follows: Buy to close: DELL Nov 17th (monthly) 70.00 strike call Sell to open: DELL Dec 15th (monthly) 70.00 strike call Credit: 2.20 – this order has been filled Rolling out our DIS covered calls as follows: Buy to close: DIS Nov 17th (monthly) 95.00 strike calls Sell to open: DIS Dec 15th (monthly) 105.00 strike calls Debit: 0.03 – this order has been filled We ended up with +1.36 or +$136.00 overall on the DIS 1×2 call spread. Closing our BAC 1×4 call spread as follows: Sell to close: BAC Nov 17th (monthly) 27.00 strike calls (ratio of 1) Buy to close: BAC Nov 17th (monthly) 29.00 strike calls (ratio of 4) Credit: 0.02 – this order has been filled We bought this spread for 0.16 so this is a loss of -0.14 or -$14.00 per spread. Closing our EFA 1×4 call spread as follows: Sell to close: EFA Nov 17th (monthly) 68.00 strike calls (ratio of 1) Buy to close: EFA Nov 17th (monthly) 71.00 strike calls (ratio of 4) Credit: 1.24 – this order has been filled We bought this spread for 0.43 and this locks-in a profit of +0.81 or +$81 per spread. Closing our PLTR Butterfly spread as follows: Sell to close: PLTR Nov 17th (monthly) 17.00 strike calls (ratio of 1) Buy to close: PLTR Nov 17th (monthly) 20.00 strike calls (ratio of 2) The 23 strike calls do not need to be closed Credit: 2.68 – this order has been filled We bought this spread for 0.70 and this locks-in a profit of +1.98 or +$198 per spread. Selling covered calls against our 300 BAC shares as follows: Sell to open: BAC Dec 15th (monthly) 32.00 strike calls (ratio of 3) Credit: 0.11 – this order is still pending and has not been filled Selling covered calls against our 200 GOLD shares as follows: Sell to open: GOLD Dec 15th (monthly) 18.00 strike calls (ratio of 2) Credit: 0.07 – this order is still pending and has not been filled and Sell to open: GOLD Jan 19th (monthly) 19.00 strike calls (ratio of 2) Credit: 0.12 – this order is still pending and has not been filled Our November covered calls are expiring, selling another c.c. on TMUS. Sell to open: TMUS Jan 19th (monthly) 165.00 strike call Credit: 0.40 – this order is still pending and has not been filled Our November covered calls are expiring, selling another c.c. on SNOW. Sell to open: SNOW Jan 19th (monthly) 210.00 strike call Credit: 1.74 – this order is still pending and has not been filled Buying a put butterfly in SNOW as earnings approach. Buy to open: SNOW Dec 15th (monthly) 155.00 strike puts (ratio of 1) Sell to open: SNOW Dec 15th (monthly) 135.00 strike puts (ratio of 2) Buy to open: SNOW Dec 15th (monthly) 115.00 strike puts (ratio of 1) Debit: 3.60 – this order has been filled Max risk = 3.60, Max reward = 16.40 The Nov cc will expire today. Buying a 1×2 call spread against our CVX shares as follows. Buy to open: CVX Jan 19th (monthly) 145.00 strike call (ratio of 1) Sell to open: CVX Jan 19th (monthly) 155.00 strike call (ratio of 2) Debit: 2.07 – this order has been filled Max risk = 2.07, Max reward = 7.93