Hello Investors,
Yesterday in class we discussed the growing challenges facing the Magnificent 7 stocks. Today we have entered into a couple of new trades.
Bought a Put Butterfly Spread on Apple (AAPL) as follows:
Buy to open: AAPL Sep 18th (monthly) 300.00 strike puts (ratio of 1)
Sell to open: AAPL Sep 18th (monthly) 275.00 strike puts (ratio of 2)
Buy to open: AAPL Sep 18th (monthly) 250.00 strike puts (ratio of 1)
Debit: 3.50
Max risk = 3.50 or $350.00 per spread
Max reward = 16.50 or $1,650.00 per spread
Bought a Put Butterfly Spread in Meta (META) as follows:
Buy to open: META Oct 16th (monthly) 550.00 strike puts (ratio of 1)
Sell to open: META Oct 16th (monthly) 500.00 strike puts (ratio of 2)
Buy to open: META Oct 16th (monthly) 450.00 strike puts (ratio of 1)
Debit: 5.50
Max risk = 5.50 or $550.00 per spread
Max reward = 44.50 or $4,450.00 per spread
Have a great week!