Trade Alert 8/30/2023

We own 100 shares of GOLD that don’t have a covered call sold. We have done that today. Sell to open: GOLD Oct 20th (monthly) 18.00 strike call Credit: 0.22 – this order has filled We own 300 shares of EFA so we added a 1×4 call spread. If one only owned 100 shares of EFA, then a 1×2 call spread could be considered. However, be aware that would take you from a small credit to a small debit on the trade. The details are as follows: Buy to open: EFA Oct 20th (monthly) 74.00 strike call (ratio of 1) Sell to open: EFA Oct 20th (monthly) 76.00 strike call (ratio of 4) Credit: 0.05 – this order has filled We have an order pending to enter into a bearish trade in FSLR today as follows: Buy to open: FSLR Oct 20th (monthly) 185.00 strike put (ratio of 1) Sell to open: FSLR Oct 20th (monthly) 170.00 strike put (ratio of 2) Buy to open: FSLR Oct 20th (monthly) 155.00 strike put (ratio of 1) Debit: 2.60 – this order is still pending Max risk = 2.60 or $260.00 per spread Max reward = 12.40 or $1,240.00 per spread