Closing BOTH our CLF and Z put positions to lock in profits and free up capital for new plays.
Shares of CLF moved to new 52-week highs as inflation drives commodity prices higher. And Z is rebounding as traders realize the value of the company’s online real estate platform.
Today we’ll close out both positions early, locking in a large portion of our potential gains from each trade and freeing up cash that we can use for new opportunities. We will keep both names on our watch list for new income opportunities in the near future.
- Buy (to close) our CLF April 14th $23 Puts
- Limit $0.30 or less
- 10:13 Executed
- Bot CLF Apr 14th $23 Puts @ $0.26
- Buy (to close) our Z May 20th $40 Puts
- Limit $1.05 or less
- 10:12 Executed
- Bot Z May 20th $40 Puts @ $0.97