We’re using our “Parachute Protection Plan” to close both our JWN and YETI put positions.
Both JWN and YETI have moved below our strike price as the overall market sells off. Rising inflation has started to weigh on consumer sentiment, which in turn pressures retail spending.
For now, it makes sense to close out our positions until these stocks find support and begin trading higher.
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 JWN May 20th $25 Puts
- Limit $3.20 or less
- 12:17 Executed
- Bot JWN May 20th $25 Puts @ $3.20
- Buy (to close) our YETI May 20th $52.50 Put
- Limit $6.60 or less
- 12:21 Executed
- Bot YETI May 20th $52.50 Put @ $6.60