Selling our ABNB and SHOP call contracts.
The market is starting to take a more bearish tone – especially for growth names like ABNB and SHOP. While we still have some long exposure, it makes sense to raise some additional cash and reduce our bullish exposure while we watch to see how the situation pans out.
We’ll close both of these positions out after locking in attractive gains on ABNB earlier in the month. Thankfully, our speculative option strategy has left both positions with a significant amount of time premium left in the contracts, despite the stock prices moving against us.
- Selling (to close) our ABNB January 21st $165 Calls.
- Limit $11.20 or more.
~~~~~~~ - 13:36 Executed
- Sold ABNB Jan 21st $165 Calls @ $11.65
ALSO
- Selling (to close) our SHOP January 21st $1300 Calls.
- Limit $106 or more.
~~~~~~~~~~ - 13:36 Executed
- Sold SHOP Jan 21st $1300 Calls @ $108.50