Closing BOTH our SLB and VALE put positions to lock in profits and free up capital for new plays.
Shares of SLB have been strong thanks to higher oil prices and demand for drilling support. And as inflation pushes commodity prices higher, VALE has continued its bullish trend.
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, and likely roll out new income plays soon using May contracts.
- Buy (to close) our SLB April 14th $37.50 Puts
- Limit $0.30 or less
~~~~~~ - 10:23 Executed
- Bot SLB Apr 14th $37.50 Puts @ $0.29
ALSO
- Buy (to close) our VALE April 14th $18 Puts
- Limit $0.25 or less
~~~~~~~ - 10:23 Executed
- Bot VALE Apr 14th $18 Puts @ $0.22