Trade Alert 4/17/2026

A few changes to the portfolio as shown below. All of the following April monthly expiration trades should finish OTM and expire this weekend. DELL – short puts should expire for a full profit of the credit received TSSI – short puts should expire for a full profit of the credit received PYPL – covered calls should expire for a full profit of the credit received BIIB – All puts are set to finish OTM and expire for a loss of the debit paid With the current covered calls expiring worthless this weekend. We got a head start on selling new covered calls on PYPL today as follows: Sell to open: PYPL June 18th (monthly) 55.00 strike calls Credit: 2.00 We took profits on our LLY call butterfly today. Sell to close: LLY July 17th (monthly) 950.00 strike call (ratio of 1) Buy to close: LLY July 17th (monthly) 1000.00 strike call (ratio of 2) Sell to close: LLY July 17th (monthly) 1050.00 strike call (ratio of 1) Credit: 5.50 Result is a profit of +1.00 or +$100.00 per spread traded. Finally, we bought a 1×2 put spread in TSSI as follows. Buy to open: TSSI June 18th (monthly) 12.50 strike put (ratio of 1) Sell to open: TSSI June 18th (monthly) 10.00 strike put (ratio of 2) Credit: 0.04 If the stock finishes above 12.50/share we roughly breakeven (0.04 credit) If the stock finishes below 12.50 we make money (max gain 2.50) If the stock falls below 10.00 per share, we end up buying 100 shares of stock but at a cost basis of 7.46 per share