After a recession scare caused by an inverted yield curve last week, markets have stabilized and focus shifts to the upcoming earnings season. We take this opportunity to protect profits on our long positions and cut losses.
Closing Trades
- TIF – 80% Loss: Long Apr 18 98 Puts @ $0.78
- VZ – 84% Gain: Long Apr 18 55 Calls @ $5.70
- XLU – 73% Gain: Long May 17 57 Calls @ $2.53
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