Selling our COST and INTU call contracts to lock in profits.
Both positions have had a nice rebound after the market’s January selloff and both are set to expire next week. I’d rather close the trades at this point and wait for more clarity before determining the likelihood of a continued rally.
Selling these positions will free up cash for new plays and tilt our portfolio of speculative trades towards a modestly bearish balance.
- Selling (to close) our COST February 18th $500 Calls.
- Limit $20.75 or more.
~~~~~~~~~ - 13:46 Executed
- Sold COST Feb 18th $500 Calls @ $23.10
ALSO
- Selling (to close) our INTU February 18th $520 Calls.
- Limit $42 or more.
~~~~~~~~ - 13:46 Executed
- Sold INTU Feb 18th $520 Calls @ $45.21