Selling our TEAM put contracts to lock in profits.

Shares of TEAM are down another 6% in early trading.

This after a huge drop Friday following the company’s earnings report.The stock is now very oversold and due for a relief rally.

While it certainly COULD continue to fall, I prefer to lock in profits and watch for a better entry points for new bearish trades.

We’ll go ahead and lock in profits from this play and free up cash for new opportunities.