I am recommending we book profits on our Micron Technology (MU) and Twitter (TWTR) positions, earning excellent returns.
This will also free up capital for new positions that we will put on in today’s Live Trading Session at 1 p.m. Eastern.
MU Feb Week One (2/5) 80 Put
Current Stock Price: $81.03
Cash in Hand: $2.09
Action: Buy to close the MU Feb Week One (2/5) 80 Put for around $0.95, but adjust as needed to close today
Profit: $1.14, or $114 per contract
TWTR Feb Week One (2/5) 48 Put
Current Stock Price: $53.33
Cash in Hand: $0.88
Action: Buy to close the TWTR Feb Week One (2/5) 48 Put for around $0.11, but adjust as needed to close today
Profit: $0.77, or $77 per contract