Closing BOTH our DHI and WGO put positions to lock in profits and free up capital for new plays.
Shares of both DHI and WGO have moved higher, leading to attractive profits for our income plays.
While our DHI play is not scheduled to expire for another month, we’re now able to buy out of this promise at a much cheaper price. This locks in our profit and frees up capital for us to use with new income plays.
Our WGO position is scheduled to expire at the end of this week. We’ll go ahead and close out the trade today — which again frees up capital for us to use elsewhere.
We will keep both names on our watch list, and may roll out new income plays in the future.
- Buy (to close) our DHI August 19th $62.50 Put
- Limit $1.35 or less
~~~~~~ - 11:02 Executed
- Bot DHI Aug 19th $62.50 Put @ $1.23
ALSO
- Buy (to close) our WGO July 15th $45 Puts
- Limit $0.10 or less
~~~~~~ - 11:02 Executed
- Bot WGO Jul 15th $45 Puts @ $0.10