Trade Alert 5/29/2024

We have closed our IBM Put Butterfly for a profit. NVDA is making the Technology space difficult to figure out. The details are as follows: Sell to close:  IBM Aug 16th (monthly) 165.00 strike put (ratio of 1) Buy to close: IBM Aug 16th (monthly) 150.00 strike put (ratio of 2) Sell to close:  IBM Aug 16th (monthly) 135.00 strike put (ratio of 1) Credit:  2.89 – this order has filled Profit of +0.52 per spread We sold a put to acquire 100 shares of U.S. Steel (X). This is a volatile stock and an acquisition is not out of the question. While it will be a bumpy ride, we see value in commodities. Sold to open: X June 21st (monthly) 37.00 strike put Credit: 1.33 – this order has filled Max risk = owning 100 shares of stock at a 35.67 cost basis In addition to the potential of owning 100 shares of X. We have bought a few shares of a couple other commodity stocks as follows: Bought 10 shares of NUE at 167.84 ($1,678.40 invested) – another Steel Company Bought 30 shares of CCJ at 53.97 (1,619.10 invested) – Uranium Company