We are selling one of our positions today that has recovered from being down. We also have options against this position that we will be closing as well. See the details below:

Ticker: KYMR

• Name: Kymera Therapeutics

• Sell Price Range: $39.75

• Profit/Loss:  6.3% Gain

• Why We are Selling: KYMR fell down to below $30 per share just a few days ago. This was a 20% decline. Today it has spiked on news and we are going to sell to capture our small gains

Ticker: KYMR

• Name: Kymera Therapeutics

• Option Position 1: Put @ $30 Strike price (7/19 expiration):

  • Sell to close at $0.15

• Option Position 2: Call @ $40 Strike price (7/19 expiration)

  • Buy to close at $1.10

• Profit/Loss:  3.3% Loss

• Why We are Selling: Our option position (a collar spread) lost value but less than the gain the stock has made. This is expected. If we held the collar until expiration (7/19) we might end up positive but that’s just not worth the risk at this point

TOTAL PROFIT/LOSS ON STOCK + OPTIONS LAYER = 3%