< Go Back Print

Let’s Take Our Second Profit This Week

Action to Take:

  • If you haven’t already done so, sell-to-close your PACW January 19, 2024 $7-$6 Put Spread position.

We just banked our second triple-digit profit in as many days.

During yesterday’s session, our PACW January 19, 2024 $7-$6 Put Spread recommendation traded through our outstanding profit target of $0.45 and we removed it for the portfolio for a 113.63% profit.

If you were following along and had your order in place, you should be out of the position and sitting on your second triple-digit profit of the week.

Action to take: If you haven’t already done so, sell-to-close your PACW January 19, 2024 $7-$6 Put Spread position.

Now let’s check in on our outstanding positions, profit targets, and protective stops. Today, we’re updating our instruction on the following two recommendations: Black Stone Minerals, L.P. (BSM) and NFLX December 15, 2023 $395/$390 Put Spread.

Stocks & ETFs:

  • ZIM Integrated Shipping Services Ltd. (ZIM): HOLD
  • Benson Hill, Inc. (BHIL): HOLD
  • Devon Energy Corporation (DVN): HOLD
  • Black Stone Minerals, L.P. (BSM): HOLD. Plan on adding the second half of the recommendation at $16.00.
  • 3M Company (MMM): HOLD

Options:

  • SLG November 17, 2023 $25/$20 Put Spread: Plan on exiting the position at $4.00 or more.
  • CBRE December 15, 2023 $75/$70 Put Spread: Plan on exiting the position at $4.20 or more.
  • MET December 15, 2023 $50/$45 Put Spread: Plan on exiting the position at $4.31 or more.
  • BXP December 15, 2023 $55/$50 Put Spread: Plan on exiting the position at $4.76 or more.
  • WAL December 15, 2023 $35/$25 Put Spread: Plan on exiting the position at $9.38 or more.
  • FLR January 19, 2024 $35-$32.50 Put Spread: Plan on exiting the position at $1.70 or more.
  • MET January 19, 2024 $62.50-$60 Put Spread: Plan on exiting the position at $1.60 or more.
  • SLG January 19, 2024 $35-$30 Put Spread: Plan on exiting the position at $3.50 or more.
  • WAL January 19, 2024 $47.50-$45 Put Spread: Plan on exiting the position at $1.80 or more.
  • TBT January 19, 2024 $35/$30 Put Spread: Plan on exiting the position at $4.73 or more.
  • ROP November 17, 2023 $490/$500 Call Spread: Plan on exiting the position at $9.50 or more – or if shares of ROP trade down to $470.00.
  • WFC December 15, 2023 $40/$37.5 Put Spread: Plan on exiting the first half of the position at $1.39 or more.
  • TSLA December 15, 2023 $225/$220 Put Spread: Plan on exiting the first half of the position at $4.45 or more – or if shares of TSLA trade up to $230.00.
  • NFLX December 15, 2023 $395/$390 Put Spread: Plan on exiting the first half of the position at $2.30 – or if shares of NFLX trade up to $425.00.

 

Cheers,

Shah