Selling our GUSH put contracts to lock in profits.
After surging higher, oil has now pulled back below the $100 per barrel mark. It may still have farther to fall, but the easy money has been made for our “mean reversion” trade. So we’ll exit our GUSH puts with a profit, freeing up cash for new opportuniites.
- Selling (to close) our GUSH April 14th $180 Puts
- Limit $55.00 or more
~~~~~~~ - 09:44 Executed
- Sold GUSH Apr 14th $180 Puts @ $56.00