We have arrived at August monthly options expiration. We are going to switch up the Trading Mentors program. We are excited about a new concept we have been working on and will introduce the journal and strategy on Monday. We think it will be a good learning opportunity for our traders which is ultimately the goal of this program. Also we are optimistic about it given our overall broad market outlook over the next few years. So, lots of exits of positions today and over the weekend.
We have sold our LLY stock position 9 shares at 695.00
We have sold our BRKB stock position 15 shares at 481.80
We have sold our PANW stock position 20 shares at 174.25
We have sold our EQT stock position 100 shares at 52.33
We have sold our OXY stock position 100 shares at 44.70
NUE – we have the 135.00 strike covered calls. We are leaving this position alone and it will get “called away” and we will make further adjustments on Monday.
We have sold our SNAP stock position 600 shares at 7.15
We have bought back 3 contracts of the SNAP Sep 8.00 strike calls at 0.13 debit
We have sold our PYPL stock position 100 shares at 69.66
We have bought back 1 contract of the PYPL Aug 70.00 strike calls at 0.22 debit
We have closed our VIX Nov 19th (monthly) 25-40-55 call butterfly for 0.86 credit
We have closed our BRK/B Oct 17th (monthly) 1×2 put spread for 1.25 credit
PYPL – we have the 75.00 strike covered calls. We are leaving this position alone and the call will expire OTM. We will make further adjustments on Monday.
EQT – we have the 60.00 strike covered calls and the 51-48 bear put spread. We are leaving these positions alone and they will likely expire OTM. We will make further adjustments on Monday.
SNAP – we have the 11.00 strike covered calls. We are leaving this position alone and the covered call will expire OTM. We will make further adjustments on Monday.
OXY – we have the 40.00 strike short put. We are leaving this position alone and the put will expire OTM. We will make further adjustments on Monday.
OXY – we also have the 45-47.5-50 call butterfly. We are leaving this position alone and it will likely expire OTM. We will make further adjustments on Monday.
SPY – we have the 623-600-578 put butterfly. We are leaving this position alone and it will expire OTM. We will make further adjustments on Monday.
CCJ – we have the 65-55 1×2 put spread. We are leaving this position alone and it will expire OTM. We will make further adjustments on Monday.
KHC – we have the 27.5-25-22.5 put butterfly. We are leaving this position alone and it will expire OTM. We will make further adjustments on Monday.