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- Munny Tree Trade Alert: 7/17/2024
Munny Tree Trade Alert: 7/17/2024
Closing 2 Positions for Good Profits
New Sell Alert
We are selling one of our positions today to capturing large gains. See the details below:
Ticker: SOFI
Name: SoFi Technologies
Sell Price Range: $7.80
Profit/Loss: 9.1% Gain
Why We are Selling: SOFI has been a roller coaster of a ride. The past week or so has seen the stock steadily increase. Now that we are up almost 10% we are selling to capture those gains.
Ticker: EXAS
We are selling the stock and closing our Bull Put Spread that we opened against our stock position.
STOCK
Name: Exact Sciences Corporation
Sell Price Range: $49.6
Profit/Loss: 9.2% Gain
Why We are Selling: EXAS has performed well since we purchased it and with our put options spread we’ve been able to capitalize on it’s movements.
BULL PUT SPREAD
Name: Exact Sciences Corporation
Sell to Close: 7/19 Expiring Put @ $40 Strike = $0.03 (-$1.55 loss)
Buy to Close: 7/19 Expiring Put @ $50 Strike = $1.30 (+$7.45 gain)
Profit/Loss: 166.1% Gain
Why We are Closing: Our Bull Put Spread has just about maxed out its profit so it’s time to close it and take our profits.
COMBINED POSITION PROFIT = 30%