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
- 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