AMAT: profit taking ahead of Fed rates announcement. Reduce short put exposure should market reacts negatively for whatever that might come out.
With almost depleted premium remaining, it's more prudent to closed off these positions and strengthen my margins.
AMAT move up really well last 3 weeks and trades around $178.
Wasn't too worried that it might drop sharply.
Contract won't expire till next Fri so decided to close early, wait a day or 2 then decide next step and readjust to sell new puts of price still makes sense.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 0.25 1Lot(s) | +83.02% Closed |
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- WendyDelia·09-18Great strategy on AMAT! Stay sharp! [Cool]LikeReport