This is our 2nd newsletter today. We exited our short-term QQQ trade (1st newsletter) and entered into a new trade in AMD. We discussed both of these live in class today. The recording of the meeting is shown below.
Please see the first newsletter with QQQ exit details.
Entered into a new put butterfly spread in AMD live in class. The details are as follows:
Buy to open: AMD July 19th (monthly) 160.00 strike put (ratio of 1)
Sell to open: AMD July 19th (monthly) 145.00 strike put (ratio of 2)
Buy to open: AMD July 19th (monthly) 130.00 strike put (ratio of 1)
Debit: 2.98
Max risk = 2.98 or $298.00 per spread
Max reward = 12.02 or $1,204.00 per spread