Selling our GOOG call contracts.
Alphabet’s rebound helped us book some attractive profits early this year. But the stock’s bounce off the 200-day average still leaves GOOG below the 50-day and vulnerable to further selling.
We’ll close this position today to manage risk. Between our original position and the new calls that we rolled into, It looks like we’ll book more than $4k on this trade — a nice chunk of gains for our $100k model.