ADP: took 99% of the maximum profit and close this short put trade ahead of its Friday expiry.
ADP was trading close to strike if $300 and even opened 30th July Wed trading below at $299.31.
Stock however went up higher on earning beats even though not by much and closed at $310.94.
Took the chance to close the trade for profit as it might show some signs on weakness since stock didn't up higher by much despite earning beats and some others might sell it down to secure profit too.
So I decided to do the same and not be a bag holder.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 0.05 1Lot(s) | +98.89% Closed |
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- JackQuant·08-01Nice choice! Thanks for sharing.👍LikeReport
- DeltaDrift·07-31That full premium! Happy trading[Grin]LikeReport
