Closing our JD puts to manage risk and free up capital.
JD broke down during the overall market pullback and it’s rebound this week is not as strong as I would like to see. With just over a week left until December expiration, there’s not much time for JD to move back above our $85 strike price. We’ll close out the trade today, freeing up capital for new plays on deck!
- Buy (to close) our JD December 17th $85 Put
- Limit $6.80 or less
- 12:28 Executed
- Bot 1 JD Dec 17th $85 Put @ $6.75