June 11, 2020 – MDT Alert (MKC) – Mad Hedge Fund Trader

With the sell off today and the fact that I suggested short dated options on the MKC trade, I am going to suggest you close the position and recoup some cash.

Here is how you close the trade on MKC.

Sell to Close June 19th – $175.00 call @ 1.50

Buy to Close June 19th – $180.00 call @ $.40

The credit will be $1.10 per spread. With a small allocation when I suggested the trade, the cash loss is limited to $160 if you traded the suggested 4 lot.

Better to close and move at this point.

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