Trade Alert 4/23/2025

We have closed our GME put butterfly for basically breakeven. We got some things right about volatility (why we can still breakeven). However, the price of the stock has not cooperated and gone down toward our ideal zone. Sell to close:  GME Oct 17th (monthly) 20.00 strike put (ratio of 1) Buy to close: GME Oct 17th (monthly) 15.00 strike put (ratio of 2) Sell to close:  GME Oct 17th (monthly) 10.00 strike put (ratio of 1) Credit:  0.85 – this order has filled We entered at 0.88 debit, so the loss is -0.03 or -$3.00 per spread (roughly breakeven). In addition, we have entered into an adjustment in PYPL. Since we already have a short put that is making money, this will work in union with the current short 55 strike put to create a 1×2 put spread. Essentially it reduces our reward if the stock stays above 60/share. But it increases our reward and improves our cost basis in the stock if the shares fall below 60/share by May 16th expiration. Buy to open: PYPL May 16th (monthly) 60.00 strike put (ratio of 1) Sell to open: PYPL May 16th (monthly) 55.00 strike put (ratio of 1) Debit: 1.03 – this order has filled We will enter into a very short-term speculative put spread in QQQ. A couple of weeks ago we sold a bear call spread that profited +$64.00. We suggested that we would use that money to attempt to compound further. This is trade #2 in the series. Buy to open: QQQ May 5th (weekly) 455.00 strike put (ratio of 1) Sell to open: QQQ May 5th (weekly) 453.00 strike put (ratio of 1) Debit: 0.64 – this order has NOT been filled It is a day order only. If we can get filled great. If it doesn’t hit our price, then we will cancel the idea.