Closing our SHAK puts to manage risk and free up capital.
SHAK traded lower as investor concerns about the new coronavirus strain has weighed on hospitality and leisure stocks. Our December put contracts are scheduled to expire on Friday, so there’s less time for the stock to rebound back above our $80 strike price.
We’ll close this trade out today, freeing up capital for more profitable opportunities on deck.
- Buy (to close) our SHAK December 17th $80 Puts
- Limit $8.20 or less
- 14:20 Executed
- Bot SHAK Dec 17th $80 Puts @ $7.80