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Zach Scheidt

Helping families build wealth so they can focus on what really matters

INCOME MODEL TRADE ALERT — LCID & RBLX

February 1, 2022 at 9:55 am by Zach Scheidt

We’re using our “Parachute Protection Plan” to close both our LCID and RBLX put positions.

Both LCID and RBLX traded lower during the market selloff last month. Growth stocks have fallen out of favor, and while both LCID and RBLX have great long-term prospects, the stocks don’t fall into the category of what’s working “now” on Wall Street.

Now that the market has started to bounce, we’ve got an opportunity to close these positions at a better price and move on to more attractive income plays.

By closing these positions, we’re managing our risk and freeing up capital for new income positions with wider built-in safety buffers.

  • Buy (to close) our LCID February 18th $35 Puts
  • Limit $6.85 or less
    ~~~~~~~
  • 9:53 Executed
  • Bot LCID Feb 18th $35 Puts @ $6.50

ALSO

  • Buy (to close) our RBLX February 18th $75 Put
  • Limit $13.00 or less
    ~~~~~~
  • 9:56 Executed
  • Bot RBLX Feb 18th $75 Put @ $13.00

(Trade procedure: 5 minutes after this notification posts, I will enter the trade on my brokerage platform. Once filled I will edit this post to include execution prices.)

Please note: I am placing these trades in my own account. And while I notify the group of all trades 5 minutes before I place my own personal trades, this creates a conflict of interest. Please review all disclosures and agreements included with your subscription packet.

Filed Under: income trades Tagged With: $LCID, $RBLX

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