Closing BOTH our
Shares of APA surged to a new recovery high as energy stocks gain momentum. Meanwhile, MU’s rebound caused the prices for our put contracts to drop (allowing us to buy out of our play at an inexpensive price).
This positive action allows us to close out both positions early, locking in a large portion of our potential gains from each trade and freeing up cash that we can use for new opportunities.
- Buy (to close) our APA February 18th $27.50 Puts
- Limit $0.45 or less
- 10:53 Update
- APA pulled back. We’ll keep the order in today and see if it gets executed. No need to chase.
- 11:23 Executed
- Bot APA Feb 18th $27.50 Puts @ $0.45
- Buy (to close) our MU February 18th $87.50 Put
- Limit $1.40 or less
- 10:26 Executed
- Bot MU Feb 18th $87.50 Put @ $1.35