Taking Profits: Thursday, May 9th, 2019 – DUK, XLP
Markets have shrugged off the rhetoric of trade wars as investors have priced in a high probability of a resolution. We use this opportunity to take profits on our short positions that are in the money.
Closing Trades
- DUK – 42% Gain: Long Jun 21 85/90 Put Verticals @ $2.55
- XLP – 39% Gain: Long Jun 21 56 Puts @ $0.86
Upcoming Event:
LEAPs: A Stock Replacement Strategy – Thurs 5/9 @ 4:15 PM EST –Register Now
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