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Income Masters Trade Alert: AMAT

Applied Materials (AMAT) is rebounding this morning following its post-earnings sell-off. Let’s use this opportunity to book fast profits on our put position.

Current Stock Price: $109.03

Cash in Hand: $0.70

Action: Buy to close the AMAT May Week Four (5/27) 97 Put for around $0.30, but adjust a needed to close today

Profit: $0.40, or $40 per contract

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