Selling our FIVN put contracts to manage risk.
Speculative stocks are rebounding following the Fed’s policy meeting. This kind of rebound can take days to complete and could drive speculative stocks sharply higher.
We’ll close our put contracts near where we originally purchased them to manage our risk. Once the market adjusts to the new policy decision, we may re-purchase put contracts on FIVN.
- Selling (to close) our FIVN January 21st $150 Puts
- Limit $19.50 or more
- 15:35 Executed
- Sold FIVN Jan 21st $150 Puts @ $20.50