We have arrived at February monthly options expiration. As such a few changes and updates as follows:
Covered calls that will expire for a max profit and need no adjustment as follows:
CCJ Feb 65.00 strike call
NUE Feb 145.00 strike call
SNAP Feb 16.00 strike call
NKE Feb 77.00 strike call
Our QQQ put butterfly did NOT work and will expire OTM for a max loss of the 2.23 or -$223.00 per spread.
Because the short calls are expiring OTM in CCJ, NUE, SNAP and NKE, we have made some adjustments below as follows:
Sold to open: CCJ April 17th (monthly) 50.00 strike call
Credit: 1.02
Sold to open: NUE April 17th (monthly) 155.00 strike call
Credit: 1.69
Sold to open: NKE March 21st (monthly) 82.50 strike call
Credit: 1.48
Sold to open: SNAP May 16th (monthly) 16.00 strike call
Credit: 0.19