Closing our YETI August puts to lock in profits.
Shares of YETI are moving lower today as the broad market pulls back. Our August put contracts are set to expire today and the stock moved below our $22.50 strike price.
I still expect the stock to rebound. But since our put contracts expire today, we’ll go ahead and close out the position.
This allows us to lock in profits, and also frees up capital that we can use for new income opportunities.
- Buy (to close) our YETI August 19th $47.50 puts
- Limit $0.75 or less
- 11:22 Executed
- Bot YETI August 19th $47.50 puts @ $0.70