Selling our TWLO put contracts.
Speculative stocks are continuing to trade higher this morning. The fund ARKK is representative of the group and is up 1.5% for the day. TWLO pushed above the key 200-day average.
We’re closing this position to manage risk. Fortunately, the additional “near-the-money” premium for these put contracts has increased helping to reduce the loss even as the trade moves against us.
- Selling (to close) the TWLO November 19th $380 Puts
- Limit $27.00 or more
~~~~~~~~ - 10:37 Executed
- Sold TWLO Nov 19th $380 Puts @ $27.00