Closing our JD puts to lock in profits and protect our capital.
Shares of JD are moving lower as tensions with China increase. There are more risks for U.S. investors in Chinese stocks and despite JD’s profitable business, I’m worried the stock could fall further.
Fortunately, our JD play is currently profitable.
So today I want us to exit this play, locking in small profits and protecting our capital in case JD drops further.
We’ll also be freeing up capital that we can use for new income plays.
- Buy (to close) our JD August 19th $57.50 put
- Limit $2.35 or less
- 10:49 Executed
- Bot JD August 19th $57.50 put @ $2.10