Closing our PYPL puts to lock in profits and free up capital for new plays.
Shares of PYPL are trading sharply higher this morning.
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 PYPL moving back below our strike price, and free up capital for new opportunities.
- Buy (to close) our PYPL August 19th $75 put
- Limit $0.10 or less
- 10:01 Executed
- Bot PYPL August 19th $75 put @ $0.07