Selling our SNOW put contracts.
Shares of SNOW are breaking higher today as the market rebounds from an oversold position. While the stock is still overvalued compared to profits, this breakout could have room to run (and give us a chance to set up a new short position later at a much better entry point.)
We’ll close out this position today, freeing up cash for new opportunities that are working in today’s environment.
- Selling (to close) our SNOW August 19th $175 Puts
- Limit $30.00 or more
~~~~~~~ - 10:24 Executed
- Sold SNOW Aug 19th $175 Puts @ $31.50