After a very profitable December and January, the past 5 trading days have pushed some of our winners into the red. We believe it is best to cut losses for those long positions near expiration. Take profits on short positions and closely monitor the markets over the next few days to manage our risks.
- PEG – 119% Profit: Long Mar 16 45/50 Put Verticals @ $3.05
- WBA – 96% Loss: Long Mar 02 77/82.5 Call Verticals @ $0.05
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