Trade Alert 11/22/2023

We have closed and taken profits in our current GLD trade. However, we are placing a new trade in GLD at even higher levels. Sell to close:  GLD Jan 19th (monthly) 180.00 strike call (ratio of 1) Buy to close: GLD Jan 19th (monthly) 190.00 strike call (ratio of 2) Sell to close:  GLD Jan 19th (monthly) 200.00 strike call (ratio of 1) Credit:  3.70 – this order filled Profit of $1.45 or +$145.00 per spread traded. Entered into a new trade in GLD at higher price and a later expiration. Buy to open: GLD March 15th (monthly) 190.00 strike call (ratio of 1) Sell to open: GLD March 15th (monthly) 210.00 strike call (ratio of 2) Buy to open: GLD March 15th (monthly) 230.00 strike call (ratio of 1) Debit: 2.85 – this order filled Max risk = 2.85 or $285.00 per spread Max reward = 17.15 or $1,715.00 per spread If you factor in the +$145 profit we just locked-in, our total risk in trading GLD is now only 1.40 or $140 total. There are two (2) covered calls from the last few days that haven’t filled, trying again below: Selling a covered call in TMUS. Sell to open: TMUS Jan 19th (monthly) 165.00 strike call Credit: 0.40 – this is still a pending order Selling a covered call in WBA. Sell to open: WBA Jan 19th (monthly) 25.00 strike call Credit: 0.35 – this is still a pending order