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Income Masters Trade Alert: SONO

Sonos (SONO) is struggling to climb above $35 — the strike price of our put. Given there are only monthlies in the option chains, I want to close now with a small profit rather than roll the position.

Current Stock Price: $34.39

Cash in Hand: $0.82

Action: Buy to close the SONO Jun Monthly (6/18) 35 Put for around $0.75

Profit: $0.07, or $7 per contract

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