Selling our ILMN put contract to lock in profits.
Markets are oversold and there’s a material chance that a “bear market bounce” could send shares of ILMN higher. So for now, we’ll lock in some attractive profits on this trade and free up capital for new opportunities.
- Selling (to close) our ILMN March 18th $350 Puts
- Limit $36.50 or more
- 12:29 no Execution
- Adjusting limit to $33.50
- 12:36 Executed
- Sold ILMN March 18th $350 Puts @ $35.50