Closing our CHK puts to lock in profits.
Shares of CHK are near all-time highs as natural gas prices surge. This gives us an opportunity to “buy out” of our agreement at a much cheaper price.
By closing our CHK put contracts, we’ll be locking in profits. This also frees up capital that we can use for new income opportunities.
- Buy (to close) our CHK September 16th $90 put
- Limit $1.10 or less
- 11:11 Executed
- Bot CHK September 16th $90 put @ $0.99