Closing our MCHP puts to lock in profits and free up capital for new plays.
Shares of MCHP have moved well above our $62.50 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 MCHP moving back below our strike price, and free up capital for new opportunities.
- Buy (to close) our MCHP June 17th $62.50 put
- Limit $0.55 or less
- 12:10 Executed
- Bot MCHP Jun 17th $62.50 Put @ $0.45