Email Alerts: (Live Session 11/14/23) – Close MA, STLD; Open MDB, ELV

Here are the trades from today’s live session (11/14/23):

TRADE CLOSE
Ticker: MA

BTC 15 DEC 380 put
STC 15 DEC 375 put

Debit of 0.46

We initially took in 1.08 in credit, so we are closing this trade for profits!

TRADE CLOSE
Ticker: STLD
BTC 15 DEC 115 call
STC 15 DEC 120 call
BTC 15 DEC 95 put
STC 15 DEC 90 put

Debit 1.35 (day order)

Note: With the market in full-bullish mode, I want to close this neutral trade.  We initially took in 1.60 in credit, so after commissions this is a scratch to slightly positive trade.  If we don’t get filled today, I will re-evaluate tomorrow. 

TRADE OPEN (EARNINGS TRADE)
Ticker: MDB

BTO 15 DEC 370 put
STO 8 DEC 375 put

Credit: 0.50 (margin of $450)

TRADE OPEN
Ticker: ELV
STO 15 DEC 450 put
BTO 15 DEC 440 put

Credit: 2.20

GTC order to close for 1.20 (or 50% of the credit you receive)

NOTE ON SPY HEDGE LADDER

After looking at it in class, I decided there was not enough premium to sell.  I’m keeping the position open to see if I can close at a better price in the future.

SCHEDULE NOTE:
OTL will not have a live session next week due to Thanksgiving.  I will be back on 11/28, but I will still be monitoring the market and may send out trade alerts before then.