Selling our SHOP put contracts to lock in profits.
SHOP has traded sharply lower and now appears washed out. A rebound would make sense here after heavy selling in the overall market. At the same time the 50-day average is completing a “death cross” below the 200-day average — a technical pattern that could lead to a new short setup farther down the road.
- Selling (to close) our SHOP February 18th $1,120 Put
- Limit $150.00 or more
- 10:01 Executed
- Sold 1 SHOP Feb 18th $1,120 Put @ $165.50