With Apple (AAPL), Google (GOOGL) and Amazon (AMZN) on deck to report earnings tomorrow, the market could turn south quickly if any of these heavyweights disappoint.
Our Beyond Meat (BYND) position is quite profitable, so I am recommending we close it now by buying back the put we sold rather than risk watching our profits evaporate.
Current Stock Price: $127.01
Cash in Hand: $1.87
Action: Buy to close the BYND Jul Week Five (7/31) 120 Put for around $0.56
Profit: $1.31, or $131 per contract