We are closing one of our positions + the options collar associated with it today to capturing our gains. See the details below:

Ticker: MBLY

• Name: Mobileye Global

• Sell Price Range: $26.35 or close

  • Close the collar spread:

    • Sell the Put option(s) = $4.60 is our price

    • Buy to close Call option(s) = $0.03

  • Note — the price you sell the stock and options at are less important than making sure to close them back-to-back. The prices of the stock and options will cancel each other out as long as they are closed very closely together.

• Profit/Loss:  2.6% Gain

• Why We are Selling: Our collar options spread expires today. We could leave everything alone and the put option will be exercised which will sell our stock at $31 and the call option will expire worthless. But by closing things out we make sure there is no question about our gains.