Trade Alert 8/6/2024 #2

As suggested in the earlier newsletter, we wanted to re-enter another put butterfly in AAPL after taking profits in the first. This trade has been pushed out to November and down in strikes. That makes it less cost (risk) and since we locked-in a profit of +161.00 earlier today in the first trade, the first profit nearly paid for all of this new trade! Sell to close: AAPL Nov 15th (monthly) 190.00 strike put (ratio of 1) Buy to close: AAPL Nov 15th (monthly) 170.00 strike put (ratio of 2) Sell to close: AAPL Nov 15th (monthly) 150.00 strike put (ratio of 1) Debit: 1.80 Risk = 1.80 or $180.00 per spread Reward = 18.20 or $1,820.00 per spread