Closing our AU puts to lock in profits and free up capital for new plays.
Shares of AU have moved well above our $19 strike price. By closing out our promise today, we’ll be able to lock in the majority of our potential profit from this trade. And we’ll also be freeing up capital to use for new income plays with potentially higher returns.
- Buy (to close) our AU March 18th $19 puts
- Limit $0.15 or less
- 14:45 Update – no execution
- We’ll wait to see if our order is filled. If not we can reassess tomorrow.
- 16:00 – nothing done.
- We’ll revisit this trade later. Meanwhile, AU remains well above our $16 strike