Trade Alert 5/14/2025

We have 2 contracts of the May 16.00 strike covered calls expiring in SNAP. Instead of reselling additional cc’s, we have sold those 200 shares of SNAP. This will reduce our position size overall from 500 shares to 300 shares as of today. The May 16 strike calls will expire away this weekend. We are leaving them “naked” as they are nearly guaranteed to expire OTM. Sold (exited): SNAP 200 shares at 9.06 per share We have exited the final contract of our XLE bear call spread. We will make money overall from this trade (long puts and prior bear call closed). Buy to close: XLE May 16th (monthly) 85.00 strike call Sell to close: XLE May 16th (monthly) 88.00 strike call Debit: 0.87