Closing our CHPT puts to lock in profits.
Our CHPT put contracts will expire at the end of this week.
Shares of CHPT have moved below our $14 strike price, but today’s market action has pushed the stock a bit higher.
As the stock trades higher, the price for our put contracts is moving lower. This gives us an opportunity to “buy out” of our agreement at a cheaper price.
By closing our CHPT put contracts today, we’re locking in a small profit. And we’re also freeing up capital that we can use for new income opportunities.
- Buy (to close) our CHPT October 21st $14 puts
- Limit $0.75 or less
- Executed 10:45
- BOT 4 CHPT Oct 21 $14 puts @ $0.75