Hello Investors,
Airbnb will have its IPO (initial public offering) in early December. While we won’t be participating in it in our accounts. We did a lesson on how one can participate in IPOs.
In addition, a few changes to the portfolio.
We rolled out our QQQ short puts.
Buy to close: QQQ Dec 4th (weekly) 285.00 strike puts
Sell to open: QQQ Dec 18th (monthly) 285.00 strike puts
Credit: 1.55
We are beginning to take a new stake in precious metals. One part a trade (covered call) and another part investments (naked puts).
Sold to open: GOLD Jan 15th (monthly) 22.00 strike puts
Credit: 0.53
Bought: GOLD 100 shares
Sell to open: GOLD Jan 15th (monthly) 26.00 strike calls
Debit: 23.04 (max reward potential = 2.96)
Have a great week!