Trade Alert 7/25/2024

Today we have added a short put spread in EQT. This is an aggressive trade and one we view as a possible entry point into owning the stock. We are selling an ITM put and buying an OTM put for protection. If the stock goes up, we make money. If the stock goes down, we could potentially sell our lower strike put and allow the stock to be delivered to us at an improved cost basis. This company operates in the Natural Gas markets, an area of interest for us as investors. Sell to open: EQT August 16th (monthly) 38.00 strike put Buy to open: EQT August 16th (monthly) 33.00 strike put Credit:  2.66 Max risk = 2.34 or $234.00 per spread Max reward = 2.66 or $266.00 per spread In addition, we bought a starting position of shares in OXY. We purchased 30 shares today at 61.04. Which is $1,831.20 or a very small starting position.