Closing our VALE puts to lock in profits and free up capital for new plays.
Shares of VALE have moved well above our $15 strike price.
This gives us an opportunity to go ahead and buy out of this promise at an attractive price. That way we can avoid the risk of VALE moving back below our strike price, and free up capital for new opportunities.
- Buy (to close) our VALE June 17th $15 puts
- Limit $0.18 or less
~~~~~~~ - 10:59 Executed
- Bot VALE June 17th $15 Puts @ $0.18