Closing BOTH our CLF & OXY put positions to lock in profits and free up capital for new plays.
Shares of both CLF & OXY 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 CLF & OXY on our watch list, and may roll out new income plays in the future.
- Buy (to close) our CLF September 16th $16 Puts
- Limit $0.30 or less
~~~~~~~~ - 10:32 Executed
- Bot CLF September 16th $16 Puts @ $0.24
ALSO
- Buy (to close) our OXY September 16th $57.50 Puts
- Limit $1.20 or less
~~~~~~~~ - 10:32 Executed
- Bot OXY September 16th $57.50 Puts @ $1.14