I am using the market strength today to scale back on a few positions. I just sold half of TSLA calls @ $2470 for about 50% gain, or $8000 profit.
I also sold half of the SBUX calls @ $3.30 which is nearly 60% gain or $12,000+ there.
And then I took half of LGND calls (alerted just yesterday) @ $18 for a 47% overnight score or over $5000 more profit.
That is over $25,000 in pure profits right in my pocket this morning!
I am in the driver’s seat now with the remaining half positions. I will be looking to sell the rest into another spike or I have ammo now to buy back the position at a lower price.
No matter what… I can’t lose now. I banked the profits and won’t let any of these go red on me.
I am cautious on PBR puts right now, but the whole reason I have that trade on is to help protect the portfolio if stocks dip. I plan to add to those puts depending on how the $16 level holds up.
Great trading day overall, I hope you are making money too!