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Income Masters Trade Alert: GM, MLHR

Let’s book profits on our General Motors (GM) and Herman Miller (MLHR) positions.

GM Feb Week One (2/5) 54 Put

Current Stock Price: $54.48

Cash in Hand: $1.66

Action: Buy to close the GM Feb Week One (2/5) 54 Put for around $0.45

Profit: $1.21, or $121 per contract

MLHR Feb Monthly (2/19) 35 Put

Current Stock Price: $38.22

Cash in Hand: $2.10

Action: Buy to close the MLHR Feb Monthly (2/19) 35 Put for around $0.45

Profit: $1.65, or $165 per contract

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