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Income Masters Trade Alert: LUV

I am recommending we book profits on our Southwest Airlines (LUV) put. While we are giving back more cash than usual, today is not the day to get greedy.

Current Stock Price: $46.58

Cash in Hand: $0.37

Action: Buy to close the LUV May Week One (5/6) 43.50 Put for around $0.16, but adjust as needed to close today

Profit: $0.21, or $21 per contract

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