In Thursday's Red Shirt edition, hosts Jenny Andrews and Liz Di
erking managed a range of positions as markets pulled back. S&P futures reversed early gains to trade down 11 points, giving the hosts opportunity for tactical adjustments.
The duo sold a micro crude oil (MCL) put for $137, using $886 in buying power. They also executed a JaJune SPX strategy with a $5-wide put spread for $1.90, which they later closed for a quick $40 profit when markets moved favorably.
In cryptocurrency positions, they closed and reopened an IBIT Jade Lizard, moving from a 15-day to 22-day expiration following Ryan Grace's comments about October being historically bullish for crypto assets. They maintained a long Ethereum position, expressing bullish sentiment.
The show highlight came with an Intel (INTC) ratchet, where they closed their profitable ZEBRA position and reopened at higher strikes, effectively eliminating their original capital risk while maintaining unlimited upside exposure.