With the stock market closed on Monday for Independence Day, tomorrow promises to be a light trading day.
I am recommending we take profits now on our D.R. Horton (DHI) and Western Digital (WDC) puts.
Our Lululemon Athletica (LULU) and Peloton Interactive (PTON) put spreads are on track to expire worthless tomorrow. We will sell new spreads soon to continue to work down our net debits on the positions.
DHI Jul Week One (7/2) 90 Put
Current Stock Price: $92.20
Cash in Hand: $0.80
Action: Buy to close the DHI Jul Week One (7/2) 90 Put for around $0.10
Profit: $0.70, or $70 per contract
LULU Jul Week One (7/2) 340/330 Put Spread
Current Stock Price: $362.34
Net Debit: $2.29
Action: Watch spread expire worthless
PTON Jul Week One (7/2) 100/90 Put Spread
Current Stock Price: $122.36
Net Debit: $5.81
Action: Watch spread expire worthless
WDC Jul Week One (7/2) 70 Put
Current Stock Price: $71.45
Cash in Hand: $0.77
Action: Buy to close the WDC Jul Week One (7/2) 70 Put for around $0.24
Profit: $0.53, or $53 per contract