Closing BOTH our BTU and SSRM put positions to lock in profits and free up capital for new plays.
Shares of BTU have been strong thanks to high energy prices and growing demand for coal to generate electricity.
SSRM has rebounded as gold and silver prices rise. Inflation is driving more investment in precious metals as investors seek to protect the value of their wealth.
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 may roll out new income plays in the future.
- Buy (to close) our BTU May 20th $20 Puts
- Limit $0.35 or less
- 11:14 Executed
- Bot BTU May 20th $20 Puts @ $0.35
- Buy (to close) our SSRM May 20th $20 Puts
- Limit $0.25 or less
- 10:32 Executed
- Bot SSRM May 20th $20 Puts @ $0.20