I am recommending we book profits on our JPMorgan Chase (JPM) and Taiwan Semiconductor Manufacturing (TSM) positions.
And let’s roll our Peloton Interactive (PTON) put.
JPM Oct Week Four (10/23) 100 Put
Current Stock Price: $101.89
Cash in Hand: $0.85
Action: Buy to close the JPM Oct Week Four (10/23) 100 Put for around $0.19
Profit: $0.66, or $66 per contract
PTON Oct Week Four (10/23) 125 Put
Current Stock Price: $123.03
Cash in Hand: $0.84
Action:
- Buy to close the PTON Oct Week Four (10/23) 125 Put for around $3.55
- Sell to open the PTON Oct Week Five (10/30) 120 Put for around $4.05
- Set initial credit limit at $0.50
New Cash in Hand: $1.34
TSM Oct Week Four (10/23) 86 Put
Current Stock Price: $88.31
Cash in Hand: $0.94
Action: Buy to close the TSM Oct Week Four (10/23) 86 Put for around $0.17
Profit: $0.77, or $77 per contract