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Income Madness Trade Alert: SQ

Let’s spend a few cents to close our Block (SQ) put. While it’s currently on track to expire worthless, I don’t want to risk a late-day reversal. Plus, we’ll be freeing up capital for new trades.

Current Stock Price: $56.91

Cash in Hand: $0.34

Action: Buy to close the SQ Sep Week Five (9/30) 53 Put for around $0.03, but adjust as needed to close today

Profit: $0.31, or $31 per contract

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