TRADE ADJUSTMENT
Invesco Trust (QQQ): 329.92

We have received emails that some of you were assigned the QQQ 26 May 342 put. If so, this is a 3 part adjustment.

If not, it will only be a 2 part adjustment and will be below.

IF ASSIGNED:
Trade Action 1: Sell the QQQ shares at the market. Currently that is 329.92.

Trade Action 2: Sell/STC the 21 Jul 342 put for a credit of around $15.67
STC 21 JUL 342 put

Trade Action 3: Roll the 26 May 325 put to the 9 Jun 325 put for a credit of around 2.82

BTC the 26 May 325 put
STO the 9 Jun 325 put

IF NOT ASSIGNED:

For those that were not assigned we are going to close the upper spread and then roll the 325 put.

Trade Action 1: Sell/STC the 26 May 342 put/21 Jul 342 put calendar for a credit of around 3.41

BTC the 26 May 342 put
STC the 21 Jul 342 put

Trade Action 2: Roll the 26 May 325 put to the 9 Jun 325 put for a credit of around 2.82

BTC the 26 May 325 put
STO the 9 Jun 325 put

The master portfolio is trading 6 contracts.

Trade small and smart,
Dave, Chris, and Jeff