Trade Alert 8/2/2023

We entered into long GLD and short QQQ as a sort of pairs trade. We got stopped out of GLD for a loss of -$44.45 but we just took profits on QQQ and made a profit of +$156.45. So the pairs trade worked well overall. Buy to cover: QQQ 35 shares at $377.58 per share The result is a profit of +$156.45 In addition, we rolled-in one of our covered calls in CVS as follows: Buy to close: CVS Sep 15th (monthly) 77.50 strike call Sell to open: CVS Aug 18th (monthly) 77.50 strike call Debit: 0.70 This will allow the August option to expire earlier, then we will be able to sell another call at a later date further OTM in strike price. We think this gives us a better position overall.