International Business Machines (IBM): 134.69
With a few days left before expiration, and the market moving higher, let’s close our IBM trade for profits. We received roughly 1.00 in credit and can now buy back the spread for less. Let’s take the win!
TRADE ACTION: Close the existing trade for a debit of around 0.60 – 0.65
BTC the IBM 21-JUL 130 put
STC the IBM 21-JUL 125 put
The Master Portfolio is trading 5 contracts