Selling our ETSY call contracts.

ETSY had a very nice run during this bear market rally. We’ve been able to lock in some healthy profits along the way.

At this point, ETSY is a bit overbought and due for a pullback. Plus, the overall market is also vulnerable to a new wave of selling.

I’m happy to close out this position today and keep a bit of extra cash on the sidelines.

We’ll keep ETSY on our watch list and may re-enter a new bull trade in the next few weeks. But for now, the short-term picture is just a bit less clear for this stock.

• Selling (to close) our ETSY August 19th $105 Calls
• Limit $12.00 or more
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• 10:50 Executed
• Sold ETSY August 19th $105 Calls @ $13.92