Closing BOTH our DHI & XPO put positions to lock in profits and free up capital for new plays.
Shares of both DHI & XPO have traded higher, which means the price for our put contracts has moved lower. This allows us to buy out of our promise at a much cheaper price, freeing up capital for new income opportunities.
We will go ahead and close out these positions — locking in a profit on both.
We will keep both DHI & XPO on our watch list, and may roll out new income plays in the future.
- Buy (to close) our DHI August 19th $70 Put
- Limit $0.70 or less
- 14:10 Executed
- Bot DHI August 19th $70 Put @ $0.60
- Buy (to close) our XPO August 19th $47.50 Put
- Limit $0.55 or less
- 14:11 Executed
- Bot XPO August 19th $47.50 Put @ $0.50