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Income Masters Trade Alert: AMAT

Applied Materials (AMAT) is selling off sharply today. To avoid being assigned shares, I am recommending we book a loss on the position now rather than carrying it into the new year.

I will send a longer alert this week sharing my thoughts on trading the semiconductor sector in 2023, but for now, let’s close out a position that has been struggling for months rather than continue to tie up capital.

Current Stock Price: $98.57

Net Debit: $5.55

Action: Buy to close the AMAT Dec Week Four (12/23) 105 Put for around $6.95, but adjust as needed to close today

Loss: $12.50, or $1,250 per contract

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