Let’s book profits on our Applied Materials (AMAT), First Solar (FSLR) and SPDR S&P Biotech ETF (XBI) positions.
AMAT Nov Week One (11/5) 130 Put
Current Stock Price: $135.79
Cash in Hand: $1.77
Action: Buy to close the AMAT Nov Week One (11/5) 130 Put for around $0.74, but adjust as needed to close today
Profit: $1.03, or $103 per contract
FSLR Oct Week Five (10/29) 109 Put
Current Stock Price: $113.57
Cash in Hand: $0.74
Action: Buy to close the FSLR Oct Week Five (10/29) 109 Put for around $0.13, but adjust as needed to close today
Profit: $0.61, or $61 per contract
XBI Oct Week Five (10/29) 123 Put
Current Stock Price: $125
Cash in Hand: $2.10
Action: Buy to close the XBI Oct Week Five (10/29) 123 Put for around $0.34, but adjust as needed to close today
Profit: $1.76, or $176 per contract