Position Updates

Before the Market tanked yesterday, I closed my CTX Put position and replace it with a Bear Call Spread. The idea is to reduce my risk should the stock decided to idle around and not moving down. I also sold a Bear Call Spread on BSC on news that the CEO is given the sack.

• CTX - Sell to close Feb 20 Put @$1.85. Profit 5.7% (over 3 market days)
• CTX - Bear Call Spread Jan 20/22.5 Call @$0.70 (when the stock is around $20.10)
• BSC - Bear Call Spread Jan 75/80 Call @1.80 (when the stock is around $75.07)

On hold

• COH - Bear Call Spread Jan 30/32.5 Call
• MER - Bear Call Spread Jan 50/55 Call
• QCOM - Bear Call Spread Jan 37.5/40 Call

- PersianCat04 (Millionaire-in-progress)