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
- 10:50 Executed
- Sold ETSY August 19th $105 Calls @ $13.92