When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.
Tech Alert - TripAdvisor, Inc. (TRIP) – EXPIRATION
EXPIRATION of TripAdvisor, Inc. (TRIP) February 2020 $34-$37 in-the-money vertical BEAR put spread at $3.00
Closing Trade – NOT FOR NEW SUBSCRIBERS
2-21-2020
expiration date: February 21, 2020
Portfolio weighting: 10%
Number of Contracts = 38 contracts
The TripAdvisor call spread is about to expire at maximum profits of $3.00.
This was a short-term trade that TripAdvisor wouldn’t rise 11% in 30 days and I killed this trade.
I didn’t like this company before the coronavirus and now the virus has put a dent into TripAdvisor’s business model and oversees travel.
The virus has spread since I executed this trade and airlines have cut flights in and out of China.
Here are the specific trades you need to execute this position:
Expiration of 38 February 2020 (TRIP) $37 put at….………$8.45
Expiration of 38 February 2020 (TRIP) $34 put at………….$5.45
Net Proceeds:……………………..…...............….………..…….....$3.00
Profit: $3.00 - $2.60 = $.40
(38 X 100 X $0.40) = $1,520 or 15.20 % in 30 days
