We’re using our “Parachute Protection Plan” to close both our CHPT and RUN put positions.
Both CHPT and RUN have moved below our strike price as the overall market sells off. And while both businesses have advantages that I’m fond of, we could see more weakness before the market finds its footing.
Today, we’ll go ahead and buy back our put contracts, cancelling our promise to buy shares of both of these stocks.
By closing these positions, we’re managing our risk and freeing up capital for new income positions with wider built-in safety buffers.
- Buy (to close) our CHPT May 20th $18 Puts
- Limit $3.90 or less
~~~~~~~ - 12:13 Executed
- Bot CHPT May 20th $18 Puts @ $3.85
ALSO
- Buy (to close) our RUN May 20th $25 Puts
- Limit $5.70 or less
~~~~~~ - 12:13 Executed
- Bot RUN May 20th $25 Puts @ $5.55