The trade I recommended a few minutes ago in Applied Materials (AMAT) failed to take into account that earnings are expected after the close today. The stock is up since the alert went out and we can close now with a small profit. This is the prudent move rather than risk holding through the announcement.
We apologize for the mistake and hope you can pick up a few cents in profit. And if you have not yet entered the trade, please do not.
Current Stock Price: $108.39
Cash in Hand: $1.50
Action: Buy to close the AMAT Sep Week One (9/2) 100 Put for around $1.28, but adjust as needed to close today
Profit: $0.22, or $22 per contract