Closing our CLF puts to lock in profits and free up capital for new plays.
CLF has moved sharply higher as demand for iron ore picks up. The stock is now well above our $21 strike price and the majority of income for this play is already in the bag. We’re closing the position to lock in those profits and free up our capital for new income opportunities.
- Buy (to close) our CLF November 19th $21 Puts
- Limit $0.28 or less
- 10:17 Executed
- Bot CLF Nov 19th $21 Puts @ $0.24