Small Account Trader PRO Alert: Close Trade – SPOT

CLOSE TRADE

SPOTIFY (SPOT): 197.38

 We entered this trade last Thursday for a credit of around 1.85.  The stock gapped higher yesterday and that has given us an opportunity to close our spread in just a few days.  

Close the existing credit spread for a debit of around 0.75 (or less)

BTC the 19 JAN 170 put
STC the 19 JAN 160 put

Contracts: 3