Taking Profits: Wednesday, Sept 11th, 2019 🇺🇸 – MKC, UHS
Markets have continued to move higher on easing geopolitical tensions, but have failed to move above major resistance levels. While we maintain a cautiously bullish stance and continue to position for a breakout to the upside, these market conditions are better for taking profits over establishing new positions.
- MKC – 50% Loss: Long Oct 18 160/180 Call Verticals@ $3.35
- UHS – 111% Gain: Long Oct 18 140/155 Call Verticals @ $11.60
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