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Zach Scheidt

Helping families build wealth so they can focus on what really matters

INCOME MODEL TRADE ALERT — YETI

August 22, 2022 at 10:08 am by Zach Scheidt

Closing our YETI put position to manage risk and free up capital.

As the market turns lower, shares of YETI have broken below our $45 strike price.

While YETI is a high-quality stock, investors are losing confidence in the U.S. consumer. I expect the company to do just fine, but it could be some time before the stock starts to rebound.

Given the weakness in the overall market, we’ll use our “parachute protection plan” to buy out of our agreement for YETI stock.

By closing this trade out early we’re taking a loss. But we’re also managing our risk and freeing up capital that can be used for new income plays that are currently working well.

  • Buy (to close) our 2 YETI September 16th $45 Puts
  • Limit $4.90 or less
    ~~~~~~~~
  • 10:15 Executed
  • Bot 2 YETI September 16th $45 Puts @ $4.78

(Trade procedure: 5 minutes after this notification posts, I will enter the trade on my brokerage platform. Once filled I will edit this post to include execution prices.)

Please note: I am placing these trades in my own account. And while I notify the group of all trades 5 minutes before I place my own personal trades, this creates a conflict of interest. Please review all disclosures and agreements included with your subscription packet.

Filed Under: income trades Tagged With: $YETI

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