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.

• Selling (to close) our TEAM December 16th $150 Puts
• Limit $34.50 or more

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• Executed 10:12
• SOLD 3 TEAM Dec 16th $150 Puts @ $35.60