Let’s book profits on our Beyond Meat (BYND) and Square (SQ) positions.

We spent a long time digging our way out of the underwater SQ position and are finally moving on with a profit. It’s a small one, but it’s much better than the huge loss we were facing.

SQ throws off excellent premiums, so we may trade it again with a fresh position.

BYND Oct Week One (10/2) 140 Put

Current Stock Price: $165.91

Cash in Hand: $1.41

Action: Buy to close the BYND Oct Week One (10/2) 140 Put for around $0.23

Profit: $1.18, or $118 per contract

SQ Oct Week One (10/2) 145 Put

Current Stock Price: $167.10

Cash in Hand: $1.10

Action: Buy to close the SQ Oct Week One (10/2) 145 Put for around $0.16

Profit: $0.94, or $94 per contract