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
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• 12:29 no Execution
• Adjusting limit to $33.50
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• 12:36 Executed
• Sold ILMN March 18th $350 Puts @ $35.50