Our recording of the meeting today was corrupted and we won’t have a video. Please note, we sent out a newsletter earlier today with an adjustment in PYPL and exit in CRWD. While in class we made a couple of other adjustments. The details are shown below.
Exited only 1 of our 4 contracts of OXY call butterfly spreads
Sell to close: OXY Aug 15th (monthly) 45.00 strike call (ratio of 1)
Buy to close: OXY Aug 15th (monthly) 47.50 strike call (ratio of 2)
Sell to close: OXY Aug 15th (monthly) 50.00 strike call (ratio of 1)
Credit: 0.57
Bought a put spread in EQT.
Buy to open: EQT Aug 15th (monthly) 51.00 strike put
Sell to open: EQT Aug 15th (monthly) 48.00 strike put
Debit: 0.94
Max risk = 0.94 or $94.00 per spread
Max reward = 2.06 or $206.00 per spread
There were four (4) total trades/adjustments sent out today. CRWD, PYPL, OXY & EQT.